The UAE and Indonesia, the biggest economy in South-East Asia, plan to boost co-operation in the energy and mineral resources sector, further strengthening ties between the two countries.
The two countries signed a declaration of intent to encourage co-operation between government entities as well as private and government-owned companies, state news agency Wam reported on Thursday.
They will focus on encouraging investment and commercial activities and establishing joint projects in both countries.
The agreement includes developing technology related to the energy sector, including carbon capture and storage, biofuel and others.
The development came after a joint meeting between the officials of the two countries at the Abu Dhabi International Petroleum Exhibition and Conference that concluded on Thursday.
The meeting was chaired by Sharif Al Olama, undersecretary of the UAE's Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, and Tutuka Ariadji, director general of oil and gas at Indonesia's Ministry of Energy and Mineral Resources.
The latest collaboration between the two countries comes as the UAE and Indonesia focus on strengthening trade and economic ties.
In July this year, the two nations signed a Comprehensive Economic Partnership Agreement as they aim to increase mutual non-oil trade to $10 billion in the next five years from $3bn currently.
The UAE is also increasing its investments in Indonesia.
In 2020, Adnoc signed a preliminary agreement with Indonesia’s Pertamina and Chandra Asri to explore the possibility of developing a crude-to-petrochemicals complex in Indonesia.
Abu Dhabi’s clean energy company Masdar also signed a power-purchase agreement with Indonesia’s state electricity company, Perusahaan Listrik Negara, to develop the country’s first floating solar photovoltaic plant.
In March, the UAE invested $10bn with the Indonesia Investment Authority to spend on infrastructure and tourism projects in the country.
Indonesian state-owned agro-chemicals company PT Pupuk Indonesia, is also expanding its operations to the UAE and opened its representative office in Dubai this week. The company is looking for trade opportunities in ammonia, urea and other products.
The biog
Name: Timothy Husband
Nationality: New Zealand
Education: Degree in zoology at The University of Sydney
Favourite book: Lemurs of Madagascar by Russell A Mittermeier
Favourite music: Billy Joel
Weekends and holidays: Talking about animals or visiting his farm in Australia
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
COMPANY%20PROFILE
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The biog
Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.
Favourite book: Anything by Sidney Sheldon.
Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.
Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.
