UAE on track to meet target for production cuts,
Suhail Al Mazrouei
Dubai - Arab Today
The UAE is deepening its oil production cuts and expects to meet its commitment to reduce output by 139,000 barrels per day by June, Suhail Al Mazrouei, the Energy Minister, said on Tuesday.
Mr Al Mazrouei said on the sidelines of the CeraWeek conference in Houston that the UAE cut more production last month than it did in January as it phases in compliance with the late November agreement to bring supplies closer to demand.
The Opec pact, which was joined by non-Opec countries including Russia and Kazakhstan, is intended to reduce global output by about 1.8 million bpd. The six-month agreement took effect on January 1.
As The National reported last month, the UAE is expecting output to fall in March and April when it cuts back for oilfield maintenance.
The International Energy Agency, the Paris-based energy watchdog, has said that some other countries did not achieve their cuts levels in January, the first month of the deal. These included the UAE, which produced 2.96 million bpd versus a pledged level of 2.7 million bpd.
Source: The National
GMT 20:29 2018 Monday ,08 January
Sheikh Mohammed: 70% of VAT revenue to be used in local projectsGMT 02:28 2017 Saturday ,07 October
Masdar, EDF Energies lead bidding for Saudi solar plantGMT 09:26 2017 Wednesday ,16 August
Tabreed announces successful completionGMT 21:16 2017 Thursday ,25 May
100% tax to be imposed on cigarettes, energy drinks in UAEGMT 07:59 2017 Thursday ,18 May
Tunisia to invest 400 MD to produce over 210 MW
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 10:17 2017 Saturday ,28 October
Brazil president says 'truth won' after escaping corruption trial
GMT 10:12 2017 Thursday ,26 October
Luxury market set for record year
GMT 11:41 2017 Tuesday ,24 October
Sweden says Chinese-born dissident publisher Gui Minhai freedGMT 12:15 2011 Tuesday ,13 September
Ammoura Oven: Most Ancient Folkloric Oven in Tartous
GMT 08:29 2015 Friday ,27 March
Papadakis, Cizeron clinch world ice dance gold in ShanghaiGMT 17:56 2011 Friday ,29 July
Rome archaeologists find Apollo mosaicGMT 11:09 2012 Monday ,25 June
Ferrer back to No 5GMT 05:26 2012 Wednesday ,12 December
Smartphones to see through walls?GMT 08:59 2012 Sunday ,13 May
How to make garlic and herb skillet croutonsGMT 16:59 2012 Monday ,12 November
Fashionistas step out in Frankfurt
GMT 13:30 2015 Friday ,08 May
Sharjah to host conference on family tourism
GMT 09:56 2015 Monday ,02 March
Blast hits fireworks warehouse in SanaaGMT 13:58 2012 Friday ,07 September
White FacesGMT 11:10 2012 Thursday ,08 March
iPhone\'s Siri to speak Japanese
GMT 21:56 2015 Thursday ,12 February
Nazi prisoners' imaginary feasts explored in Berlin documentary
GMT 07:14 2011 Wednesday ,06 July
Bank of England in no rush to lift ratesGMT 04:39 2011 Thursday ,13 October
Hansen: All Blacks skipper McCaw will play
GMT 02:04 2017 Thursday ,29 June
Dubai Economy, Souq.com sign MoU
GMT 08:20 2017 Thursday ,27 July
Saudi Shoura Council delegation to take part in Morocco
GMT 22:35 2017 Monday ,06 November
Etihad Aviation Group, Alibaba Group and ANT Financial sign MoU
GMT 19:50 2017 Wednesday ,10 May
Foreign Minister's Settlement Meets Norwegian Official
GMT 08:50 2014 Friday ,17 October
Twitter tweets start to sing
GMT 11:53 2017 Tuesday ,21 March
Special goggles behind Gold Cup winning jockey Power's comeback
GMT 22:21 2017 Sunday ,05 March
Rashid Al Nuaimi launches environment-friendly electric vehicle
GMT 14:46 2017 Monday ,18 December
In first, SpaceX launches recycled rocket and spaceship
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor