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METI State Minister Matsumoto Visits the United Arab Emirates (UAE)

November 15, 2019

From November 10 (Sun.) to 13 (Wed.), 2019, Mr. Matsumoto Yohei, State Minister of Economy, Trade and Industry, visited the United Arab Emirates (UAE).

While there, he attended the opening ceremony of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) and held meetings each with H.E. Dr. Sultan Ahmed Al Jaber, Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC); H.E. Mr. Suhail Mohamed Al Mazrouei, Minister of Energy; H.E. Mr. Khaldoon Khalifa Ahmed Al Mubarak, Chairman of the Executive Affairs Authority of Abu Dhabi; and other dignitaries of the UAE government. In addition, he also held a meeting with H.E. Mr. Barballe, Special Adviser to the Prime Minister of Pakistan.

1. Attending the ADIPEC

State Minister Matsumoto attended the opening ceremony of ADIPEC, positioned as one of the world’s largest exhibitions and conferences in the oil and natural gas industries, together with the government ministers of the UAE, government dignitaries of other countries, top executives of international oil companies and other stakeholders.

He also visited the Japan Pavilion, which is exhibiting a space theme, and display booths showcased by the Japan Oil, Gas and Metals National Corporation (JOGMEC) and other Japanese companies, and exchanged views with stakeholders of companies conducting business with Abu Dhabi. Other topics of discussion included, future directions of business development, potential for Japan-UAE cooperation as well as several other issues.

2. Meetings with government dignitaries of Abu Dhabi, the UAE

(1) Meeting with H.E. Sultan Ahmed Al Jaber, Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC)

State Minister Matsumoto expressed his gratitude for the UAE’s stable supply of crude oil to Japan and the progress in Japan-UAE cooperation in the upper-stream sector in the fields of oil and natural gas. He also stated METI’s intention to provide proactive contribution to efforts for specifying initiatives and expanding Japan-UAE cooperation areas under the Japan-UAE Comprehensive Strategic Partnership Initiative (CSPI), for which agreement was reached between the leaders of Japan and the UAE in April 2018. Following this, the two sides agreed that the two countries will continue to closely collaborate.

Meeting with Minister Jaber, also as CEO of ADNOC

(2) Meeting with H.E. Suhail Mohamed Al Mazrouei, Minister of Energy

State Minister Matsumoto and Minister Mazrouei exchanged views on the UAE’s energy policies as a whole, international energy situations, e.g., OPEC’s activities, regional situations and other issues. Minister Mazrouei mentioned the current situations of the Middle East region and expressed his opinion that recent matters occurring in the region are challenging not only to the region but also to the stable supply of energy all over the world.

Meeting with Minister Mazrouei

(3) Meeting with H.E. Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority of Abu Dhabi

Both sides discussed ways of enhancing cooperation between Japan and Abu Dhabi in the oil and gas sector. Moreover, they agreed to further explore bilateral cooperation in the energy sector, as well as, across a variety of industries as part of the Japan-UAE Comprehensive Strategic Partnership Initiative (CSPI).

(4) Meeting with H.E. Barballe, Special Adviser to the Prime Minister of Pakistan

State Minister Matsumoto stressed the importance of collaboration among countries in the Asian region, including Japan and Pakistan, in the region’s LNG market, an area where the market is expected to grow, and the two sides exchanged views on cooperation in the field of Pakistani human resource development in the field of LNG and potential for Japanese companies’ further investment in Pakistan. Following this, they agreed on future close collaboration between the governments of Japan and Pakistan toward further expansion of economic ties.

3. Other activities

State Minister Matsumoto visited the Lower Zakum Oil Field, one of the world’s largest offshore oil fields, for which a Japanese company possesses oil concessions and has been involved in its operation. Moreover, he visited the Japanese School of Abu Dhabi and exchanged views with stakeholders of the school as well as making a classroom visit. He also attended a reunion-reception party for graduates of engineer training programs for oil producers organized by JOGMEC. There he delivered a speech as a guest of honor and exchanged views with participating UAE stakeholders, mainly those from ADNOC

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