UAE OIL INVESTMENT
PLATTS - The UAE is launching into an aggressive plan to expand its crude production capacity just as OPEC has announced new output cuts for 2019.
Energy minister Suhail al-Mazrouei, however, said he saw no conflict between OPEC's market balancing efforts and the country's field investments.
In an interview with S&P Global Platts, he cited long-term market forecasts showing US production growth slowing while global consumption was set to increase, necessitating more…
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