Mohammed bin Dhaen Al Hamili, Minister of Energy, has stressed UAE’s commitment to maintain and strengthen its role as a major oil and gas producer, highlighting that oil will continue playing a prominent role in the global energy for many decades to come.
Addressing a meeting held today in Doha in the framework of the World Petroleum Congress, “Our commitment to widening diversification of our domestic energy and promotion of the renewable energy, does not mean we neglect the oil industry.”
He also noted that despite expectations that the contribution of oil share will fall from 34 per cent to 28 per cent, the demand will continue to reach over 109 million barrels per day in 2035.
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