Saudi Arabia and UAE energy ministers’ response to question about details of OPEC + regulation sparks interaction تفاعل

Dubai, United Arab Emirates (CNN) – Saudi Energy Minister Prince Abdulaziz bin Salman has sparked an interaction after his statements on reaching an agreement with the United Arab Emirates on an oil production cap for the countries of the OPEC Plus group.

The Saudi Energy Minister’s statements came on the sidelines of a press conference on Sunday to announce that an agreement had been reached after a dispute between the United Arab Emirates and Saudi Arabia over linking the adjustment of the oil production ceiling to the extension of OPEC + agreement.

And Prince Abdulaziz bin Salman, in response to a question about the details of the settlement, said: “Why should I mention everything, this is an art that I keep a secret and we all keep it. You always appreciate that we do not have the competence or we are not intelligent or diplomats, and also you had a blind vision of what brings us together, what brings us together is more than what you write, unfortunately.

The Saudi minister asked his Emirati counterpart, Suhail Al Mazrouei: “Am I right, Suhail? And then the latter replied by saying: “100%, you are right, Your Highness”.

The UAE’s energy minister said relations with Saudi Arabia “allowed us to quickly come to an understanding with OPEC +”.

Prince Abdulaziz bin Salman stressed that “there is no one in the world who works on renewable energies like Saudi Arabia and the United Arab Emirates are doing”, and that the two countries share a great ambition for this, “And we are working identically on this strategy. “

On Sunday, major oil producers in “OPEC Plus” countries announced an agreement to gradually increase oil production by 400,000 barrels per day on a monthly basis, from August 2021.

At their meeting today, the “OPEC Plus” countries agreed to extend the oil production agreement until December 31, 2022, instead of April.

During the meeting, it was decided to increase the benchmark for “OPEC Plus” production from 43.85 million barrels per day to 45.48 million barrels per day, while increasing the benchmark for the production of United Arab Emirates to 3.5 million barrels per day.

As for Saudi Arabia, leader of the joint alliance with Russia, it increased to 11.5 million barrels per day, and Russia to 11.5 million barrels per day. While it was decided to increase the benchmark production for Iraq and Kuwait by 150,000 barrels per day.