DUBAI, Sept 17 (NNN-WAM) – The United Arab Emirates (UAE) Energy Minister, Suhail Al Mazrouei, said that, the UAE, as an OPEC member, is ready to support Saudi Arabia by providing additional capacity, after drone attacks caused half of the kingdom’s production to go temporarily offline.
“We have certain capacity we can put into the market,” said Mazrouei, according to a local newspaper.
The UAE is OPEC’s third-largest producer with a production capacity of 3.5 million barrels per day (bpd).
He said, it is premature to call an emergency meeting of OPEC, without the request of Saudi Arabia, stressing UAE’s commitment to OPEC’s decisions and that it will not take any related action without OPEC’s approval.
Attacks on two facilities in the east of Saudi Arabia led state oil company Saudi Aramco, to suspend production of 5.7 million bpd of crude, which is equivalent to five percent of global supply.– NNN-WAM
