The visit of Russian President Vladimir Putin whis is upcoming shows the strong partnership between the two nations and it will make way for even more cooperation in oil and peaceful nuclear energy.
While speaking to the Emirates News Agency, WAM, Al Mazrouei said that Russian oil and gas companies have shown interest in making investments in the UAE market, as they play an important part in the export of Russian expertise in the field. UAE companies are also looking to increase funding in Russia’s oil and gas sector.
Investment, has established a joint partnership with “Gazprom” to enhance a number of oil fields in the Tomsk and Omsk regions.
“UAE-Russia relations are historic and depend on ties of friendship, cooperation, and respect for common interests. These relations are now further growing, a reflection of the leadership’s keenness to enhance continuous cooperation,” he said.
The UAE Minister added that joint cooperation includes sectors, like energy, industry and peaceful nuclear energy which are vital in today’s times.
He stated that the two countries are coordinating the UAE’s purchase of Russian nuclear fuel with a peaceful framework.
The Minister of Energy went on to appreciate the important role played by Russia in the successful agreement between OPEC countries and their allies, known as “OPEC +” to check the growing demand of oil production, which contributed to balancing supply and demand forces, and stabilizing the oil market, globally