The Organization of Arab Petroleum Exporting Countries (OAPEC) confirmed Sunday that the United Arab Emirates has officially withdrawn from the organization, which does not set binding production policies for its members.
The announcement follows the UAE’s surprise decision on April 28 to exit both OPEC and the OPEC+ alliance, prioritizing a significant boost to its own oil production output.
Speaking exclusively to dzwatch, energy analysts noted that the UAE’s double withdrawal marks a historic rupture in Arab energy solidarity, potentially reshaping global oil market dynamics.
OAPEC was founded in 1968 to strengthen cooperation among Arab oil-producing nations. The UAE’s departure raises serious questions about the future cohesion of Arab petroleum policy at a critical moment for global energy markets.
