UAE – Mubasher: The UAE plans to increase its export capacity of oil to 5 million barrels by 2030, the UAE minister of energy and industry, Suhail Al Mazrouei, disclosed to CNBC Arabia on Tuesday.

He further expected the OPEC countries to maintain supply and demand for five years, adding that such countries are keen on achieving gains. 

The UAE’s strategy contributes to its role as a sustainable and reliable source of oil, Al Mazrouei told CNBC Arabia.

The Emirati government further sees it crucial to improve the supply security so that countries worldwide can obtain the oil supply they need in the future.