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Gulf’s ‘Little Sparta’ takes on the oil world
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NEWSDECK ANALYSIS
The United Arab Emirates, often referred to as the "Little Sparta" of the Gulf due to its strategic and economic influence, has been a significant player in the global oil market as a member of Opec. Its decision to leave Opec marks a shift in the country's energy policy, allowing it to pursue a more independent approach to oil production and sales. The UAE's state-oil company Adnoc is expected to play a key role in this new strategy, driving growth and expansion in the energy sector.
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FT UK
Gulf’s ‘Little Sparta’ takes on the oil world
After leaving Opec, the UAE is backing state-oil company Adnoc to set a more assertive and expansive course
7 Aug, 04:00
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