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Khalifa's policy on oil praised by Sultan

posted on 16/01/2005: 717 views

Deputy Prime Minister, Sheikh Sultan bin Zayed Al Nahyan, has praised President H.H.

Sheikh Khalifa bin Zayed Al Nahyan for adopting a visionary philosophy on oil which put the development of the UAE human resources at the core of the country's development programme. In a preface he wrote on a study titled "Oil Philosophy - The ideology of H.H. Sheikh Khalifa bin Zayed Al Nahyan", issued by the Office of the Deputy Prime Minister, Sheikh Sultan said the philosophy of Sheikh Khalifa on oil set as its major objective the making of his people comfortable, generation after generation.

"Sheikh Khalifa in encouraging the judicious use of the oil wealth to achieve comprehensive development and to add to the country's development achievements," Sheikh Sultan wrote, adding "The reclaiming of all national rights in the country's oil wealth is the first thing the UAE President focused his attention to. This is reflected in the agreements signed with all the international oil firms which shows clearly his commitment to the country's supreme national interest and his total commitment to hold fast to the country's sovereignty which is non-negotiable whatsoever in terms of oil exploration, production and manufacturing."

The study touched on Sheikh Khalifa's vision on the role of the UAE in OPEC and cited some of the positive and effective roles the UAE played in that organisation. (The Emirates News Agency, WAM)


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