- After nearly 60 years of coordinated oil strategy with the world’s largest producers, the UAE has decided to leave OPEC+ on May 1, 2026.
- During the global energy crisis, countries began to rely more on their own efforts.
After 60 years of rule in the United Arab Emirates сообщили On leaving OPEC+ effective May 1, 2026, and transitioning to a national energy strategy. All of these decisions may be linked to geopolitical factors, particularly the disagreements between the US and Iran.
The UAE joined OPEC in 1967 on behalf of Abu Dhabi and remained a member even after the formation of the United Arab Emirates in 1971.
The decision to leave the organization was part of a broader economic and strategic transformation aimed at increasing flexibility in managing oil production, the government said in a statement.
This step enhances the UAE’s ability to respond to changing market needs and reflects its long-term strategic and economic vision, as well as the country’s evolving energy profile. It’s time to focus our efforts on our national interests, as well as our commitment to our investors, customers, partners, and global energy markets. сообщили authorities.
Leaving OPEC+ is also consistent with efforts to increase production while maintaining low-carbon production, as well as increasing investment in domestic energy capacity.
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