UAE's oil production capacity vs Opec+ quota

Описание: The UAE’s decision to leave Opec comes as its production capacity continues to outpace its current quota, reflecting a push for greater independence in managing its energy strategy.

The country’s capacity stands at about 4.85 million barrels per day, compared with pre–Iran war output of around 3.4 million bpd, with plans to reach 5 million bpd by 2027.

Energy Minister Suhail Al Mazrouei told The National the decision to leave Opec is 'purely a policy move' aimed at preparing the country for the future.