ABU DHABI, The Emirates Center for Strategic Studies and Research (ECSSR) will organise on Wednesday, 27th March, a lecture titled ”Zayed and Oil” at headquarters in Abu Dhabi.
Organisers said from the moment he became ruler of Abu Dhabi in 1966, the late Sheikh Zayed, was keen to manage the wealth from the oil and gas industry and maintain a fair price for oil. Also, Sheikh Zayed was the first to use oil as a weapon in the October 1973 War.
”On more than one occasion, the late Sheikh Zayed stated that the oil belonged to the people. He also stressed the fact that the oil would eventually run out.
Therefore, the future of the coming generations had to be considered so that the wealth was utilized to create new sources of income,” they stated.
They said the lecture is part of the ECSSR’s cultural and academic research agenda to mark the Year of Zayed 2018.
Source: Emirates News Agency