quoted Emirates News Agency On the authority of the Crown Prince of Abu Dhabi and the de facto ruler of the state, Sheikh Mohammed bin Zayed, his statement about his meeting today, Monday, with the Crown Prince of Saudi Arabia, Prince Mohammed bin Salman in Riyadh, the first meeting between them after the dispute that came out to the public recently regarding the volume of oil production within “OPEC Plus”.
Bin Zayed said, according to what was reported by (WAM) in an official statement: “I was pleased today to meet my brother, Mohammed bin Salman, in Riyadh.”
#Mohammed_bin_Zayed: I had the pleasure of meeting my brother today #Mohammed bin Salman at #RiyadhWe discussed strengthening our deep-rooted brotherly relations and strategic cooperation.. The partnership between #UAE And #Saudi Strong and continuous for the good of both countries and the region.# وام pic.twitter.com/22DGk1fUw9
— Emirates News Agency (@wamnews) July 19, 2021
And Mohammed bin Zayed continued, revealing the details of the meeting with Mohammed bin Salman: “We discussed strengthening our well-established brotherly relations and strategic cooperation.”
He added that the partnership between the UAE and Saudi Arabia is “strong and continuous for the good of both countries and the region.”
— Greater Saudi Arabia | 🇸🇦2030 (@saudi_rulers) July 19, 2021
Mohammed bin Salman
For its part, the Saudi Press Agency, “SPA”, said that bin Zayed arrived in Riyadh today, Monday, and was received by Prince Mohammed bin Salman bin Abdulaziz upon his arrival at King Khalid International Airport.
Highness #Crown the prince #Mohammed bin Salman Receives His Highness the Crown Prince #Abu Dhabi Sheikh #Mohammed_bin_Zayed Upon arrival at King Khalid International Airport in #Riyadh.https://t.co/rnJDKgjjxi#was pic.twitter.com/Ec21pUvQsH
— SPA Royal News (@spagov) July 19, 2021
He was also received by Prince Turki bin Muhammad bin Fahd bin Abdulaziz, Minister of State and Member of the Cabinet, and Prince Khalid bin Salman bin Abdulaziz, Deputy Minister of Defense.
Your Highness #Crown the prince #Mohammed bin Salman Receives His Highness the Crown Prince #Abu Dhabi Sheikh #Mohammed_bin_Zayed Upon arrival at King Khalid International Airport in #Riyadh. pic.twitter.com/jwcx74CuG2
– بندر الجلعود (@Bandaralgaloud) July 19, 2021
As well as Minister of State, Cabinet Member and National Security Adviser, Dr. Musaed bin Muhammad Al-Aiban.
It is noteworthy that this meeting between Mohammed bin Salman and bin Zayed is the first of its kind since the outbreak of the oil dispute between the UAE and Saudi Arabia within the “OPEC +” group.
His Highness Sheikh #Mohammed_bin_Zayed The Crown Prince of Abu Dhabi 🇦🇪 arrives in Riyadh 🇸🇦 on an official visit and was received by His Highness the Saudi Crown Prince #Mohammed bin Salman The picture is attached to the tweet and we dedicate it to His Excellency Dr. Abdullah Al-Nafisi, who is 40 years old. pic.twitter.com/VnfQwFKEmg
— Lawyer Salah Al-Fahad 🇰🇼 (@s_alfahad84) July 19, 2021
On Sunday, the countries of the “OPEC +” alliance reached a new agreement on further reducing oil production cuts, after settling the dispute that escalated between Saudi Arabia and the UAE.
The agreement concluded during the “OPEC +” meeting provides for the extension of special decisions on limiting oil production until late 2022.
The agreement stipulates, according to a statement issued by OPEC, to increase the level of joint production by 400,000 barrels per day every month, starting from next August, until the end of production cuts of 5.8 million barrels per day.
There is a hidden conflict between Saudi Arabia and the UAE over leadership in the Gulf, and over major economic and investment interests, according to analysts.
Last February, Saudi Arabia decided to stop awarding government contracts to any foreign company or commercial institution that has a regional headquarters in the Middle East in any country other than the Kingdom, starting from the beginning of 2024.
The UAE seeks to be a regional competitor to other countries, such as Saudi Arabia, Iran, and others, rather than the role of a partner with the Kingdom politically or economically.
“OPEC Plus” agrees to increase UAE production to 3.5 million barrels
Reuters news agency, quoting two sources in the Organization of the Petroleum Exporting Countries and its allies, “OPEC Plus”, said that it was agreed yesterday, Sunday, to increase oil production as of August 2021.
The sources stated that it was also agreed to extend the baseline management agreement until the end of 2022, at the meeting of the ministers of the joint state in the organization on Sunday.
According to the agreement, the UAE’s share has increased to 3.5 million barrels per day, as well as an agreement to increase the baseline for Iraq and Kuwait by 150 thousand barrels per day for each.
The Saudi and Russian production line was also modified by raising it to 11.5 million barrels per day starting in May 2022 instead of 11 million barrels.
It is noteworthy that recently, features of sharp differences have emerged between Saudi Arabia and the UAE, which drew the attention of the Arab and Western media. Especially after the tension surfaced with statements from the Kingdom criticizing Abu Dhabi’s position regarding the level of oil production within the framework of “OPEC +”.
Riyadh responded at the time by excluding any Israeli or other goods manufactured in the free zones of the Gulf states, which constituted a special targeting of the Emirati port of Jebel Ali.
Article 31 of the new law explicitly states that “a commodity does not acquire the status of national origin if one of its components is produced or manufactured in the Zionist entity, or if any of the neutral elements mentioned in Article (9) of the capital produced for it is wholly or partly owned by companies Israeli companies or companies on the Arab boycott of Israel lists.
And “OPEC Plus” abandoned its plans to increase oil production by 400,000 barrels per day every month from August to December, due to the UAE’s rejection of this plan, considering it “unfair.”
In the same context, while Saudi Arabia and Russia support the extension of the agreement as it is until December 2022, the UAE demanded that an increase in production levels be discussed before agreeing to an extension beyond April.
The fate of the dispute between Saudi Arabia and the Emirates
According to international media, the dispute between the two countries over increasing oil production has revealed old Saddam files between them.
And Reuters quoted, in a report, quoting analysts, that the dispute indicates an increasing economic competition between the two largest Arab economies, which does not seem to be but will intensify.
And it prompts the question of the extent to which these differences may reach, do they deepen to include political files, or do they remain as they are just a limited dispute in economic files?
Political analyst Joe Macaron believes that “there have been accumulations in Saudi-Emirati relations about two years ago, and they began to appear publicly in the last stage, in light of the intensification of economic competition and the contradiction between the two countries in strategic options.”
However, he suggested that “this dispute will remain in tune, but the competition will continue for the foreseeable future, and the challenge facing the two countries is to manage the dispute between them more smoothly, and to rebuild trust between the leadership of the two countries.”
On the impact of this dispute on the solidity of the Saudi-UAE alliance, Macaron explained in statements to the media, that “the alliance between the two countries has cracked; As a result of what happened in Yemen, the Saudi-Qatari reconciliation and Emirati-Israeli normalization, their strategic interests are no longer common, but sometimes contradictory.
Therefore, the trend in the next stage is for each of them to have a separate policy in the main issues, but this does not mean the end of communication or alliance between the two parties absolutely.”
He suggested that the differences between them “will not cross the red lines, and will remain in tune, but the solidity of this alliance has been shaken, and it will not return to what it was before,” he said.
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