UAE's Sultan al-Jaber, who chaired Cop28 summit in Dubai, pledges to increase oil production
UAE Minister of Industry and Advanced Technology and Managing Director of state-run Abu Dhabi National Oil Company Sultan al-Jaber speaks during the inaugural session of annual Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi, United Arab Emirates, November 4, 2024
THE United Arab Emirates (UAE) vowed to increase oil production to five million barrels a day as it opened its annual oil and gas summit in Abu Dhabi today.
Sultan Ahmed al-Jaber, head of the Abu Dhabi National Oil Company, said demand for fossil fuels would rise despite a transition to renewable energy, because of the huge energy needs of developing artificial intelligence (AI) systems.
“No single source of energy is going to be enough to meet this demand,” he said. “Oil will continue to be used for fuel and as a building block for many essential products.”
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