UAE Plans 5 Million Barrels Daily Production Post-OPEC Exit

The United Arab Emirates has charted an independent course in the global energy market, announcing its strategic decision to withdraw from OPEC and OPEC+ and setting an ambitious target of producing 5 million barrels of oil per day by 2027. This move, articulated by Minister of Energy and Infrastructure Suhail Al Mazrouei, signals a new era of agility and self-determination for the nation's vital oil and gas sector.

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We respect OPEC and have worked with them for over fifty years in ways that benefit the market.

Al Mazrouei emphasized that this strategic shift is necessitated by the evolving global energy landscape, characterized by rapid technological advancements and the need for swift decision-making. The UAE's forward-looking approach prioritizes national interests and the pivotal role its companies play across the entire energy supply chain. While respecting its long-standing relationship with OPEC, the UAE asserts its independence to navigate the complexities of the market and ensure its energy security.

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This is a new phase for us, requiring swift decision-making.

This decision is particularly significant in the context of global energy security challenges, such as the closure of the Strait of Hormuz, which has impacted strategic reserves worldwide. The UAE positions itself as a reliable and responsible producer, ready to bridge supply gaps and contribute to market stability. From the UAE's perspective, this move is not just about production levels; it's about asserting national economic strategy and ensuring readiness in a dynamic geopolitical environment. The narrative here is one of proactive leadership and strategic foresight, ensuring the UAE remains a key player in meeting global energy demands while pursuing its own developmental goals.

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The UAE has a previously announced, clear, and transparent plan to produce 5 million barrels per day by 2027.