UAE will depend less on oil revenues: Minister of Energy

Suhail bin Mohammed Faraj  Faris  Al Mazrouei, Minister of Energy, has said that the OPEC's current market share is at good level despite different views on the oil market.

Posting on his official twitter account on Saturday, he added, "We acknowledge and understand the market challenges but in my view our sector is resilient to overcome them and achieve stability soon. I believe that any future decision will require full participation from all OPEC members plus major oil producers."

Al Mazrouei said the UAE with its leadership vision, "is putting action plans for an economy that will depend less on oil revenues, a plan that others can follow for sustainable economy for future generation."

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