119 days ago • Posted by William Ramstein

Abu Dhabi to increase oil output from 3 to 5 million barrels a day by 2030

UAE is the third largest OPEC provider of oil and has recently seen an increase in oil output as a percentage of oil-related GDP. However many efforts have been made to pivot into non-oil and clean energy since 2014, but more profits need to be generated in order to invest in new projects both renewable and fossils. Source: FT