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METI Minister Seko Visited the United Arab Emirates (UAE)

Mr. Hiroshige Seko, Minister of Economy, Trade and Industry, visited Abu Dhabi, the United Arab Emirates (UAE) to attend the World Future Energy Summit (WFES 2017), an energy-themed event bringing together dignitaries from around the globe.

In Abu Dhabi, Minister Seko held meetings with H.H. General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and other government dignitaries and officials, and encouraged Abu Dhabi to renew oil concessions on offshore oilfields granted to Japanese companies. In addition, the sides agreed that they will deepen cooperation in a broad range of fields, including industries, investment, education, medical care, advanced technologies and foodstuff.

1. Meetings with dignitaries from Abu Dhabi

1) Crown Prince Mohammed bin Zayed Al Nahyan

  • From the viewpoint of further development of a long-term, cooperative relationship in the fields of oil and gas, Minister Seko encouraged Abu Dhabi to renew oil concessions on offshore oilfields whose terms will terminate in 2018, and gained a certain level of understanding of this issue from Crown Prince Mohammed bin Zayed Al Nahyan.
  • In addition, both sides agreed that they will deepen cooperation in a broad range of fields, including industries, investment, advanced technologies and foodstuff, not limited to the field of energy, based on their robust, trusting relationship that has been built by both countries, including leader-level efforts, and that they will take advantage of the results to bring about specific efforts.


Meeting with Crown Prince Mohammed bin Zayed Al Nahyan

2) H.E. Dr. Sultan Ahmed Al Jaber, Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC), UAE

  • Minister Seko encouraged Abu Dhabi to extend Japan’s oil concessions for offshore oilfields whose terms will terminate in 2018, and both sides reached a basic agreement that concerning the Satah and Umm Al Dalkh Oilfields, Abu Dhabi will extend the oil concessions possessed by INPEX CORPORATION (INPEX).
  • Minister Seko also requested Abu Dhabi anew to understand the importance of renewing oil concessions on other offshore oilfields, regarding which full-fledged negotiations for extension of oil concessions are expected to start.
  • Both sides agreed that the government of Japan and ADNOC will extend their Joint Oil Storage Project whose term will terminate at the end of 2017.
  • Minister Jaber made a proposal for the creation of broad cooperative relationships in the fields of oil, gas and LNG, ranging from upstream projects (development) to midstream projects (LNG bases, etc.) and to downstream projects (petroleum refining, petrochemical, etc.), bearing in mind a long-term, strategic vision. In response, Minister Seko stated that Japan will hold further discussions on this issue.


Meeting with Minister and ADNOC CEO Jaber

3) Meeting with H.E. Sultan Bin Saeed Al Mansoori, Minister of Economy, UAE

  • From the viewpoint that Japan should support the UAE in diversifying industries that the UAE has been promoting, both ministers concluded a memorandum to create a cooperation framework in the fields of SMEs and innovation.
  • Along with this, as a leading example showing that Japanese SMEs are expanding their businesses in the UAE, Japan stated that Takenaka Seisakusho Co., Ltd. (location of head office: Higashiosaka City, Osaka Prefecture) and GSI Creos Corporation (location of head office: Chiyoda Ward, Tokyo) decided to construct a joint-investment plant in Ras al-Khaimah, the UAE, scheduled to open at the end of January 2017, and both sides welcomed the effort. In addition, both sides also agreed to deepen cooperation in this field, including dispatching missions of SMEs from each country to the other.

Signing ceremony with Minister Mansoori

Commemoration of the business expansion of a Japanese company in the UAE
 

4) Meetings with H.E. Mr. Khaldoon Khalifa Ahmed Al Mubarak, Chairman of the Abu Dhabi Executive Affairs Authority (EAA), H.E. Mr. Suhail Mohamed Al Mazrouei, Minister of Energy, UAE, and H.E. Mr. Ali Majed Al Mansoori, Chairman of the Department of Economic Development (ADDED)

  • Minister Seko encouraged Abu Dhabi to extend the oil concessions granted to Japanese companies concerning offshore oilfields in Abu Dhabi, and both sides agreed that they will further promote cooperation in broad fields, including diversity in industries, investment promotion, human resource development and advanced technologies.
  • At the meeting with Chairman Khaldoon, Minister Seko expressed Japan’s intention to proactively contribute to the Global Manufacturing and Industrialization Summit (GMIS) in March 2017, which will be jointly held by the UAE and the United Nations Industrial Development Organization (UNIDO).
  • Moreover, at the meeting with Minister Mazrouei, the sides exchanged views concerning the potential of Japan-UAE cooperation, including the future direction of UAE’s energy strategies and batteries technologies.
  • Furthermore, at the meeting with Chairman Mansoori, both sides agreed that they will hold a new series of meetings of the Abu Dhabi-Japan Economic Council (ADJEC), a regular discussion to promote trade, services and investment between Japan and Abu Dhabi, as early as possible in 2017.

Meeting with Chairman Khaldoon

Meeting with Minister Mazrouei


Meeting with Chairman Mansoori

2. Exchanging views with dignitaries from other countries

1) Meeting with H.E. Mr. Khalid Al-Falih, Minister of Energy, Industry, and Mineral Resources, Saudi Arabia

  • Both sides agreed that Japan and Saudi Arabia will accelerate work for formulating the Japan-Saudi Joint Group for Vision 2030, which was approved by their group of ministers in October 2016.
  • In addition, Minister Seko stated that the government of Japan and the Tokyo Stock Exchange (TSE) are still strongly interested in the initial public offering (IPO) by Saudi Aramco at the TSE.
  • Moreover, as Minister Seko also expressed his hopes for the role played by Saudi Arabia in stabilizing global crude-oil markets, Minister Al-Falih stated that Saudi Arabia will advance measures under the agreement on cutting oil production, which was reached by the Organization of the Petroleum Exporting Countries (OPEC), but intends to avoid making any impact on the demand from Japan.


Meeting with Minister Al-Falih

2) Exchanging views with dignitaries of other countries

  • Minister Seko held other meetings respectively with: H.E. Mr. Luis Guillermo Solís Rivera, President of Costa Rica, H.E. Mr. Horacio Cartes, President of Paraguay, H.E. Dr. Mohammed Saleh Al-Sada, Minister of Energy and Industry, Qatar, H.E. Dr. Abdul Hussain bin Ali Mirza, Minister of Energy, Bahrain, H.E. Mr. Ignasius Jonan, Minister of Energy and Mineral Resources, Indonesia, and other officials, and he confirmed with respective officials the importance of cooperative relationships between Japan and the respective countries.

3. Participation in related meetings and other events

  • Minister Seko visited the WFES and toured the Japan Pavilion in which advanced technologies for research on space and deep-sea resources, Japanese-companies’ products related to renewable energy, and other items were on display.
  • Minister Seko attended a debrief meeting held for graduate students from Masdar Institute of Science and Technology who experienced an internship program at Japanese companies—a program for prompting education and human resource development in the fields of clean energy and other areas—as an event celebrating the fifth anniversary of the program. At the meeting, Minister Seko offered his congratulations and held dialogues with students from the UAE who experienced the program.

Touring the Japan Pavilion at the WFES

Debrief meeting for the internship program for graduate students from Masdar Institute of Science and Technology

Release date

January 18, 2017

Division in Charge

Petroleum and Natural Gas Division, Natural Resources and Fuel Department, Agency for Natural Resources and Energy

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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