Adnoc keen to boost relations with Japan

UAE Minister of State and Adnoc CEO Dr Sultan Ahmed Al Jaber meets with Japanese PM Shinzo Abe

United Arab Emirates, February 3, 2018

Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company (Adnoc), met Japanese Prime Minister Shinzo Abe, as well as senior government and corporate leaders during a visit to Tokyo, as Adnoc seeks to expand strategic partnership and investment opportunities across the entire value chain of its business.

To capitalise on the sharp growth in demand for petrochemical products globally, and particularly across Asia, Adnoc is focusing on significantly expanding its downstream portfolio, while remaining a reliable and trusted supplier of crude oil and refined products.

At the meeting with Japan's prime minister, matters of mutual interest were discussed, as the UAE and Japan seek to advance bilateral economic relations, particularly in the oil, gas and petrochemical sectors.

During the meeting, Dr Al Jaber conveyed the regards of the UAE leadership and reaffirmed the strong, close and long-standing political, economic and trade relationship between the UAE and Japan. Discussions emphasised on the deep strategic partnerships that both the UAE and Japan enjoy across a variety of sectors, in particular in energy. Dr Al Jaber also elaborated on Adnoc's new strategic, comprehensive partnership and investment model that will enable the company's 2030 smart growth strategy to be realised.

'The UAE has deep rooted relations with Japan that span over four decades,' said Dr Al Jaber.

'As we increase our focus on the growing demand for high-value petrochemical products, especially from Asia, we are introducing new partnership opportunities to expand and strengthen our downstream business.'