UAE

Otaiba Calls for Higher OPEC Quota for the UAE

The UAE Oil Minister, Dr. Mana Saeed al-Otaiba, has come out with an urgent call for a higher OPEC production quota for the UAE. In a statement to the Dubai newspaper Gulf News on 7 May, Dr. Otaiba warned that his country will be obliged to ignore OPEC agreements on output limitations and go it alone on production decisions unless OPEC agrees to allocate a substantially higher quota to the UAE at its June conference. 'The quota problem...