Japan, UAE discuss stability in the global oil market


TOKYO: Japan 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 help in stabilizing 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 said he looked forward to further cooperation and expressed hope for an increase in oil production. 

Al-Jaber, who is 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 achieve decarbonization.

He added that 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 President Khalifa. He added that Japan will work closely with the country’s new leader, Mohamed bin Zayed Al-Nahyan, to maintain friendly relationships between the two countries

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