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Japan, UAE agree to stabilize global oil market

Dr. Sultan Al Jaber, the Minister of Industry and Advanced Technology of the United Arab Emirates paid a courtesy visit on Monday June 6, to Japan’s Chief Cabinet Secretary MATSUNO Hirokazu. (Prime Minister’s Office photo)
Dr. Sultan Al Jaber, the Minister of Industry and Advanced Technology of the United Arab Emirates paid a courtesy visit on Monday June 6, to Japan’s Chief Cabinet Secretary MATSUNO Hirokazu. (Prime Minister’s Office photo)
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06 Jun 2022 11:06:40 GMT9
06 Jun 2022 11:06:40 GMT9
  • Japan supports UAE’s chairing and hosting COP28: Matsuno

Arab News Japan

TOKYO: Deputy Chief Cabinet Secretary KIHARA Seiji met with Dr. Sultan Al Jaber, the Minister of Industry and Advanced Technology of the United Arab Emirates, on Monday and expressed Japan’s appreciation for the UAE’s helping to stabilize the oil market.

Kihara expressed his gratitude for the stable supply of crude oil from the UAE and the participation of Japanese companies in the upstream development of crude oil, according to a statement from Japan’s Foreign Ministry. He looked forward to further cooperation and expressed hope for an increase in oil production.

In response, Minister Al Jaber, also Special Envoy to Japan and CEO of Abu Dhabi National Oil Company (ADNOC)  expressed his intention to offer strong support to Japan, including efforts to stabilize the international crude oil market and to decarbonize. He said the strategic partnership between Japan and the UAE is strong. Both sides agreed to continue to work closely together to further expand their cooperative relationship.

Ties will be strengthened as the two countries celebrate the 50th anniversary of the establishment of diplomatic relations this year.

Kihara expressed his condolences on the passing of the late Sheikh Khalifa bin Zayed Al-Nahyan, former president of the UAE and ruler of Abu Dhabi. He added that Japan will work closely with the country’s new leader, President, Sheikh Mohammed bin Zayed Al-Nahyan, to maintain friendly relationships between the two countries.

Earlier in the day, Minister Al Jaber paid a courtesy visit to Japan’s Chief Cabinet Secretary MATSUNO Hirokazu.

The Japanese minister said Japan will cooperate in the 28th UN Climate Change Conference (COP28) that will be chaired and hosted by the UAE in 2023, according to MOFA.

Further to what Al Jaber discussed with Kihara, he and Matsuno exchanged views on the stabilization of the crude oil market, cooperation with the international community affected by the invasion of Ukraine, regional conditions such as North Korea, and the nuclear and missile issues, including the ballistic missile launch by North Korea on Sunday.

They confirmed they will continue to cooperate in dealing with North Korea, including the abduction issue, the ministry said.

Al Jaber also met State Minister for Foreign Affairs ODAWARA Kiyoshi over dinner on the same day. They confirmed the same policies discussed with Kihara and exchanged views on cooperation on the Joint Crediting Mechanism (JCM) and cooperation in the international arena.

The ministers discussed the situation in Ukraine and the Middle East, including Yemen, and confirmed to continue their close cooperation on that.

Read more: UAE Minister starts Japan visit

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