On December 16, 2024, the United Arab Emirates (UAE) participated in the 113th ministerial meeting of the Arab Energy Organisation (AEO) in Kuwait. The meeting convened oil and energy ministers from member states to discuss significant developments and future strategies in the energy sector.
The UAE delegation, led by Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs, included Saif Ghobash, Assistant Under-Secretary for the Petroleum, Gas, and Mineral Resources Sector. A major outcome of the meeting was the adoption of a resolution to restructure and rename the Arab Petroleum Exporting Countries Organisation (OAPEC) to the Arab Energy Organisation (AEO).
Key agenda items included the approval of the draft budget for 2025 and updates to the organisation's systems and regulations to better address challenges in the energy sector. Discussions emphasized enhancing cooperation among member states to meet future energy industry needs.
The meeting marked a significant step forward in advancing Arab cooperation in the energy sector, laying the groundwork for a future aligned with the visions of the region's nations and reinforcing the UAE's commitment to stability and sustainable growth in global energy security.