The UAE strongly supports the agreement, as production has been increased monthly by 400,000 barrels per day every month, starting from next August, and the supply management agreement has been extended until the end of 2022.
There was a dialogue with the OPEC + group, and the UAE is committed to the group until there is balance and stability in the oil market and until recovery from the effects of the Corona virus is achieved.
The adjustment of the reference months will be implemented from May 2022 until the end of December 2022, after extending the production cut agreement by 8 months beyond April 2022.
The fraternal Emirati-Saudi relations are stable and no one affects them
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