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| is one of the main foreign investors in the UAE. (Photo: Reuters) |
The United Arab Emirates has offered to supply diesel oil to France on Monday, fearing that Russia may stop gas supplies to Europe in response to Western sanctions due to the attack on Ukraine.
this new move in Paris It was raised after the talks between the President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan and the French President Emmanuel Macron.
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| Both countries have signed an agreement on cooperation in the energy sector. (Photo: Twitter) |
Emirati President Sheikh Mohammed bin Zayed said that the UAE is committed to supporting energy security for all people, especially France, and cooperation in energy is important to us.
It should be noted that after assuming power in May, UAE President Sheikh Mohammed bin Zayed arrived in Paris on Monday on his first official visit outside the Gulf region.
UAE's state news agency WAM reported that Emirati President Sheikh Mohammed bin Zayed received a grand reception at an official ceremony at the Elysee Palace in Paris has been.
During the meeting with French President Macron, joint action was discussed in the areas of future energy needs, climate change and modern technology, as well as efforts to strengthen regional security and stability.
A broader strategic agreement for cooperation has also been signed.
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| The UAE has been selling oil to the Far East for 40 years. (Photo: getty images) |
French officials said that the purpose of this partnership is to identify joint investment projects in the renewable energy sectors of France, the UAE, hydrogen and nuclear energy.
have sold oil to the Far East and are now taking it to Europe in this time of crisis. Our country is committed to remain a reliable partner and source of energy.
The adviser to the Emirati president has said that in the context of the current energy uncertainty, this agreement will pave the way for a stable and long-term framework for cooperation that will also open the way for new industrial agreements.
It should be clear that France and the United Arab Emirates It is one of the main foreign investors in India.
By the end of 2020, French direct investment in the UAE was 2.5 billion euros, while the UAE ranks 35th in the list of foreign investors in France.
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