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Business

ADNOC Chief Says UAE to Remain Reliable Energy Partner After OPEC Exit

ADNOC Chief Says UAE to Remain Reliable Energy Partner After OPEC Exit
Web Reporter
May 4, 2026

The United Arab Emirates will continue to play a stable and responsible role in global energy markets, despite its decision to exit OPEC, according to ADNOC Chief Executive Sultan al Jaber.

Speaking on Monday, Al Jaber said the move to leave the Organization of the Petroleum Exporting Countries aligns with the country’s long-term national priorities and economic strategy. He noted that stepping away from the group would provide the UAE with greater flexibility to expand production capacity, accelerate investment plans and create additional value across its energy sector.

“The UAE will remain a trusted and responsible partner in global energy markets,” Al Jaber said, emphasising that the country’s commitment to supply stability and cooperation with international partners remains unchanged.

The decision marks a significant shift for the UAE, which has been a member of OPEC for decades. Analysts say the move reflects a broader strategy aimed at strengthening the country’s ability to respond quickly to market conditions and pursue independent growth in both traditional and emerging energy sectors.

Al Jaber also addressed ongoing concerns over regional security, particularly in relation to the Strait of Hormuz, a critical route for global energy shipments. He stressed that safeguarding such vital trade corridors is not solely the responsibility of countries in the region but requires coordinated international efforts.

“The security of key maritime routes is a shared global responsibility,” he said, pointing to the wider implications for global trade and energy supply chains if disruptions occur.

The Strait of Hormuz handles a substantial portion of the world’s oil and gas exports, and recent tensions in the region have highlighted its strategic importance. Any instability in the area has immediate effects on energy prices and global markets.

Industry observers note that the UAE has been investing heavily in expanding its production capacity and diversifying its energy portfolio, including renewable and low-carbon initiatives. Greater independence from OPEC quotas could allow the country to move faster on these ambitions while maintaining its role as a key supplier.

While the departure from OPEC signals a new phase in the UAE’s energy policy, officials have indicated that cooperation with major producers will continue through other frameworks and bilateral partnerships.

The announcement comes at a time of heightened uncertainty in global energy markets, with geopolitical tensions and supply disruptions influencing prices and investment decisions. UAE authorities say their focus remains on ensuring reliable supply, supporting market stability and advancing long-term energy transition goals.

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Business
May 4, 2026
Web Reporter

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