UAE minister believes oil market is "fairly well supplied"![]() July 19, 2012 - 16:30 AMT PanARMENIAN.Net - The United Arab Emirates' Energy Minister says he believes the oil market is "fairly well supplied" for now. Mohammed bin Dhaen al-Hamli also told reporters Thursday, July 19 that the UAE is satisfied with current oil prices. His comments suggest that OPEC's third-largest oil exporter does not see a need for urgent adjustments to oil output. He spoke on the sidelines of an event to announce an upcoming energy conference in Dubai, the Associated Press reported. Partner news “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann. Partner news |