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UAE still needs time to make energy transition

UAE Minister of State Sultan Al-Jaber said the world “need to accept” that global energy transition will take time. 

Al-Jaber, who is also the chief executive officer of the Abu Dhabi National Oil Company (ADNOC) Group, said the world is entering an oil supply crunch. 

He added 80 percent of energy demand is still coming from fossil fuel, and the world is “underinvesting” in hydrocarbons. 

Source: Arab News

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