ABU DHABI, UAE – UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and exchange knowledge and data in the energy sector.
The agreement was signed between the UAE Ministry of Energy and Infrastructure and the Indonesian Ministry of Energy and Mineral Resources.
It was signed during a joint meeting between the two countries at the Abu Dhabi International Petroleum Exhibition Conference ‘ADIPEC 2022’, chaired by Sharif Salim Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, and Tutuka Ariadji, Director-General of Oil and Gas, Ministry of Energy and Mineral Resources of the Republic of Indonesia.
The Declaration includes a formation of teamwork in the energy sector between the UAE and Indonesia.
Al Olama pointed out that the energy teamwork aims to develop cooperation in the energy and mineral resources sectors between the government and government-owned companies as well as support the cooperation between the private sectors in the two countries.
The collaboration will include developing the electricity system, power stations, oil, and gas, developing clean and renewable energy sectors, encouraging investment and commercial activities in the energy and mineral resources sectors and establishing joint projects.