Dubai, Azerbaijan discuss ways to boost relations in energy sector

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) and Chairman of Enoc and Dragon Oil, Mikayil Jabbarov, the Minister of Economy and Investment of Azerbaijan Republic, discussed the bilateral relations in the energy sectors of the two brotherly countries, and the future business opportunities of cooperation.

Held in Dubai, the meeting discussed various topics of mutual interest, particularly the investment in oil exploration and production projects in Azerbaijan, crude oil trading via the State Oil Company of the Azerbaijan Republic (SOCAR).

The two sides further reviewed issues of mutual interest in the energy sector, including renewable, oil and gas activities, long-term investment opportunities, and joint interest within Azerbaijan or anywhere else in E&P activities and crude oil trade.

They also agreed to assign competent teams to explore opportunities and options that benefit both sides, especially that Azerbaijan is keen to expand the economic cooperation with the countries of the region.

Present at the meeting were Saif Al Falasi, CEO of the Emirates National Oil Company (ENOC), Ali Rashid Al Jarwan, CEO of Dragon Oil, Hussain Lootah, and Qusai Al Shared, members of the ENOC Board of Directors, along with the delegation accompanying the Minister, and officials of the State Oil Company of the Azerbaijan Republic (SOCAR).

Meanwhile Dubai Electricity and Water Authority (Dewa) and Huawei have organised their 2nd strategic summit titled ‘Accelerating Carbon Neutrality’.

The forum discussed several topics focusing on digital transformation strategies in the energy sector, green infrastructure and smart grids, in addition to sharing best practices in net-zero carbon emissions.

The summit was attended by Saeed Mohammed Al Tayer, MD and CEO of Dewa; Steven Yi, President of Huawei Middle East; experts and specialists from both sides, many Dewa employees and those of Digital DEWA, its digital arm. The summit was held at DEWA Campus for Occupational and Academic Development in Al Hudaiba, Dubai.

In his keynote speech, Al Tayer noted that the DEWA and Huawei Strategy Summit 2022 is part of the strategic partnership between the two sides. The partnership has resulted in major achievements over the past years in digital transformation, exchanging best international solutions, experiences and practices, especially in innovation, disruptive technologies, smart grids, digital transformation, automation, cloud platforms, Artificial Intelligence, data security, and big data management, among others.

“We are pleased that this summit focuses on innovative solutions in low-carbon energy production. The UAE has made great strides in using clean and renewable energy as an essential pillar of sustainability,” Al Tayer said.

Dewa’s plans are aligned with the most promising government strategies and plans, including the UAE Strategy for Artificial Intelligence 2031.