Pakistan, May 4 -- The United Arab Emirates (UAE) has clarified that its decision to exit OPEC and OPEC+ was not directed against any country, with the move instead aimed at advancing national economic and industrial priorities, according to UAE Minister of Industry and Advanced Technology Sultan Al Jaber.

Read More: United Arab Emirates Leaves OPEC, Reshapes Global Oil Market

Al Jaber, who also serves as CEO of state-owned Abu Dhabi National Oil Company (ADNOC), made the remarks at an industry conference in Abu Dhabi, stating that the decision reflects a broader strategy to reposition the UAE within the global energy landscape.

The UAE's exit, which took effect on Friday, comes after months of reported tensions with Saudi Arabia, the ...