UAE and China to strengthen collaboration in energy industry

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, held bilateral meetings with government officials and CEOs of Chinese companies during a visit to the People’s Republic of China.

His visit builds on the industry and energy outcomes from the successful state visit made by the President His Highness Sheikh Mohamed Bin Zayed Al Nahyan to China in May, which witnessed the celebration of the 40th anniversary UAE-China diplomatic relations. During the visit, agreements and MoUs were signed in vital areas and sectors of common interest, within the framework of the Comprehensive Strategic Partnership - CSP.

During the visit, Dr Sultan Al Jaber met with Ding Xuexiang, Chinese Vice Premier; Zhao Chenxin, Vice Chairman of the National Development and Reform Commission (NDRC), and Xuande Wu, Mayor of Fuzhou. The meetings were also attended by His Excellency Hussain Al Hammadi, UAE Ambassador to China.

Al Jaber conveyed the greetings of the UAE leadership and extended its wishes to the government and people of the People’s Republic of China for further progress and prosperity. The two sides also discussed ways to enhance cooperation and partnership between the two countries in key areas such as Oil and Gas, Petrochemicals, Renewable Energy, PV Manufacturing, logistical services, shipping, and storage, among others.

He said: “The UAE and China have close relations based on mutual respect, a shared vision, and sustainable economic interests, thanks to the directives of the leadership of the two countries and their keenness to strengthen bilateral cooperation. He added that his visit reaffirms the UAE’s commitment to collaborating with partners, exploring new opportunities for collaboration in vital fields, and building on the positive discussions that took place during President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s visit in May.

He added that China is one of UAE’s strategic partners, playing a vital role in strengthening partnerships and initiatives that support sustainable economic development. China is also among the most significant markets for Adnoc, for its production of crude oil, refined products, and petrochemicals.

He emphasised that the UAE will remain a partner for China for its role as a reliable energy supplier. He also indicated the importance of strengthening collaboration and leveraging economically viable opportunities and strategic partnerships to achieve mutual and sustainable benefits for both countries in all fields, including oil and gas, renewable energy, shipping, and storage. During his meetings with representatives of the Chinese government, he expressed his aspiration to achieve greater cooperation by creating new opportunities in the priority sectors of both countries, aiming to serve common interests and enhancing existing cooperation within the CSP framework.

His Excellency also met with CEOs of leading companies in energy, petrochemical, renewable energy, manufacturing, shipping and logistics.