U.A.E. Looks to Gas, Nuclear Power to Diversify, Minister Says - Bloomberg

U.A.E. Looks to Gas, Nuclear Power to Diversify, Minister Says - Bloomberg:

"The United Arab Emirates, OPEC’s fourth-largest crude producer, is investing in nuclear power, renewable energy and liquefied natural gas terminals to reduce its reliance on oil, according to its energy minister.
“We are making our energy-supply portfolio more robust,” Suhail Mohammed Al-Mazrouei said in Daegu, South Korea, today. “We are committed to being a reliable supplier of hydrocarbons to the world,” he said, adding that the nation is operating a cross-country crude pipeline to facilitate exports.
Abu Dhabi, holder of most of the U.A.E.’s crude reserves, plans to raise output capacity to 3.5 million barrels a day in 2017 to meet export demand and feed an expanded local refinery. The emirate supplies parts of the country with gas imported from Qatar and from its own fields and provides electric power to other emirates. Abu Dhabi and Dubai, the second-biggest emirate, are also investing in renewable energy."

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