UAE

UAE Reveals Pricing Challenges in the Era of Green Transformation

UAE Reveals Pricing Challenges in the Era of Green Transformation

UAE Minister of Energy Suhail Al Mazrouei revealed on Monday that investments in the oil and gas sector are necessary to avoid a "high pricing environment" during the green transition. Al Mazrouei stated at an event held on the sidelines of the UN Climate Summit "COP28" in Dubai: "If this is not done correctly, we will hinder the transition with rising commodity prices."

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