أوابك

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UAE Withdraws from Arab Petroleum Exporting Countries Organization

The Arab Petroleum Exporting Countries Organization (OAPEC) announced the UAE's withdrawal from its membership, following a recent exit from OPEC and the OPEC+ alliance. This decision comes at a sensitive time marked by significant fluctuations in the oil market.

UAE Withdraws from Arab Petroleum Exporting Countries Organization

The Arab Petroleum Exporting Countries Organization (OAPEC) announced today that the United Arab Emirates has decided to withdraw from the organization. This decision follows the UAE's unexpected exit from OPEC and the OPEC+ alliance, reflecting a strategic shift in its oil policies.