Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and managing director of ADNOC, said the country’s decision to leave OPEC and OPEC+ reflects a “sovereign decision in line with its long-term energy strategy”.
He said ADNOC’s priorities remain unchanged, with a focus on meeting global energy demand across oil, gas, chemicals and lower-carbon energy sources.
The announcement comes amid a major energy shock linked to the US-Israeli war on Iran.