Jennifer Gnana

Country plans to develop a 2-gigawatt solar-wind project in partnership with private sector

Dr Sultan Al Jaber says 'rewiring energy system is opportunity that is good for climate, good for humanity and good for economic growth'

The in-person event is the first major energy conference following Cop26 in Glasgow

The company listed on Tadawul in October, offering about 81.2 million shares

Revenue for the three-month period to the end of September rose 11% to $571m

Overall revenue climbed 11.3% to about $3.3bn in the third quarter

Company's growth in revenue and profit is supported by reopening of the UAE economy

Oil prices are currently trading at multiyear highs as economies reopen

The group will stick to its current moderate pace of supply increments that will involve 2 million bpd being returned to markets by the end of the year

Demand will plateau, growing at a rate of 2.2% beyond 2023

Prices are also up because of underinvestment in the sector, which led to tighter supply

Under the proposed model, the carbon price floor would be higher for rich nations than for poor and middle-income countries

Crude prices have surged in recent months as economies reopen after months of lockdowns

Oil prices are at multi-year highs and have more than doubled year-to-date

The state-backed utility has a bulk of assets in gas-fired and renewable power plants