Abu Dhabi: Matar Al Niyadi, Under-Secretary of the UAE Ministry of Energy, discussed with Harald Wenger, Deputy Director of the Department of Regional Studies in the Department of Middle East and Asia at IMF, the country’s policy in the diversification of energy sources and the most important efforts and initiatives taken in this area.
During the meeting, the two sides discussed the UAE raising oil productivity to 3.5 million barrels of crude by 2017 with plans to raise refining capacity to about 920,000 barrels per day by the end of the current year.
Al Niyadi also discussed rationalisation,energy efficiency and its importance in reducing consumption in the country without affecting economic growth, renewable energy projects in the UAE and abroad, and their impact on the deployment of renewable energy applications in the region.
The visit of the International Monetary Fund delegation to the country comes within the preparatory strategy of the Fund to launch an economic report that features an entire chapter about the UAE, including its efforts in the field of energy.
The meeting was attended by a number of senior officials.
