UAE Criticizes Current OPEC+ Output Deal as 'Unfair'
Voice of America
DUBAI, UNITED ARAB EMIRATES - The UAE on Sunday criticized the current oil production deal among OPEC+ alliance members as "unfair", offering to extend the agreement only if its production is reviewed.
In a row that could put at risk the energy market's post-coronavirus recovery, the UAE's push to increase its production baseline is reported to have derailed last week's meeting of the alliance of oil-producing countries. The current deal "would prolong the UAE’s unfair reference production baseline until December 2022, from the existing agreement end date of April 2022", the energy and infrastructure ministry said, quoted by state news agency WAM. "The UAE is willing to extend the agreement further, if required, but requests that baseline production references be reviewed to ensure that they are fair to all parties as/when an extension is agreed to."This undated handout photo taken by the UN Development Programme and released on May 28, 2024 shows locals digging at the site of a landslide at Mulitaka village in the region of Maip Mulitaka, in Papua New Guinea's Enga Province. This photo released by UNDP Papua New Guinea, shows a landslide in Yambali village, in the Highlands of Papua New Guinea, May 27, 2024. Authorities fear a second landslide and a disease outbreak are looming at the scene of Papua New Guinea's recent mass-casualty disaster.
Ali Larijani, left, and Saeed Jalili, right, are seen in this 2008 photo by Iranian state-approved news site Asr Iran in 2008. (Asr Iran) Iran's interim president Mohammad Mokhber speaks during the opening ceremony of Iran's 12th parliament in Tehran, Iran, May 27, 2024. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS FILE - Presidential candidate Saeed Jalili attends an election debate at a television studio, in Tehran, Iran June 8, 2021. Morteza Fakhri Nezhad/YJC/WANA (West Asia News Agency) via REUTERS FILE - Iranian parliament speaker Ali Larijani attends a news conference at the Iranian embassy in Beirut's southern suburbs, as a picture of late Iran's Quds Force top commander Qassem Soleimani is seen in the background, Lebanon February 17, 2020. FILE - Iranian Minister of Roads and Urban Development Mehrdad Bazrpash and the Russian Ministry of Transport Vitaly Savelyev during a ceremony in Tehran, Iran, May 17, 2023. Iran's Presidency /WANA (West Asia News Agency)/Handout via REUTERS Parviz Fattah, head of Iranian state-owned enterprise Execution of Imam Khomeini's Order (EIKO), is seen in this photo posted on the EIKO website on May 14, 2024. (EIKO)
A TV screen shows a file image of North Korea's rocket launch during a news program at a bus terminal in Seoul, South Korea, May 27, 2024. FILE - Japanese Foreign Minister Yoshimasa Hayashi speaks to reporters in Colombo, July 29, 2023. FILE - A TV screen shows a report of North Korea's spy satellite into orbit with its third launch attempt this year with an image of North Korea's leader Kim Jong Un during a news program at the Seoul Railway Station in Seoul, South Korea, Nov. 22, 2023.
Palestinians gather at the site of an Israeli strike on a camp for internally displaced people in Rafah on May 27, 2024. Fire rages following an Israeli strike on an area designated for displaced Palestinians, amid the ongoing conflict between Israel and Hamas, in Rafah in the southern Gaza Strip, in this still picture taken from a video, May 26, 2024. Palestinians gather at the site of an Israeli strike on a camp for internally displaced people in Rafah on May 27, 2024. A member of the bomb squad of the Israeli police collects debris after a rocket fired by Palestinian militants struck in the Israeli city of Herzliya on May 26, 2024.