Abu Dhabi – Mubasher: The UAE's minister of energy Suhail Al Mazroui on Monday announced that Abu Dhabi National Oil Company (ADNOC) will reduce its oil crude provisions by 10% in September and October, in line with the UAE's deal with the Organization of Petroleum Exporting Countries (OPEC).
The UAE has achieved 100% compliance with the OPEC agreement to cut production, Al Mazroui said in a press conference held at the Ministry of Energy.
The Gulf country has reduced its exports by 10% in two months, the minister added, but declined to comment on oil market projections.
