UAE minister of state and Austrian chancellor discuss deepening ties in Vienna meeting

Dr Sultan Al Jaber, Sebastian Kurz discuss more co-operation in political, economic, commercial, investment and energy fields

Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, met on Thursday with Austrian Chancellor Sebastian Kurz, in Vienna.

The United Arab Emirates and Austria discussed deepening economic and political ties during a meeting in Vienna on Thursday.

UAE minister of state  Dr Sultan Al Jaber and Austrian chancellor Sebastian Kurz held talks about strengthening co-operation in the commercial, investment and energy sectors, UAE's state news agency WAM reported.

Dr Al Jaber discussed developing relations in the fields of hydrocarbon and renewables, petrochemicals, economy, IT, trade, education and tourism, WAM said.

The meeting came as Dr Al Jaber, who is also the group chief executive of oil major Adnoc, was visting the Austrian capital during the OPEC meeting. The oil ministers have reached an agreement in principle to boost oil production, achieving a last-minute compromise that overcame Iran’s threats to veto any supply hike.

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The Austrian chancellor lauded the UAE’s efforts in combating extremism and promoting tolerance. He also commended the growing relations between Austrian and UAE companies, citing the recent agreement between OMV and ADNOC.

More than 180 Austrian companies are operating in the UAE. Meanwhile, the UAE-Austria Joint Committee for Cooperation is seeking to expand cooperation and partnerships in trade and technology.

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Opec meeting: Ministers agree in principle to oil output increase

Sultan Al Jaber, chief executive officer of ADNOC, gestures as he speaks during the opening day of the 7th OPEC international seminar in Vienna, Austria. Stefan Wermuth / Bloomberg

Mohammed Barkindo, Opec secretary general. Stefan Wermuth / Bloomberg

Opec inched closer to an agreement that would allow an oil-supply increase after positive talks between Saudi Arabia and Iran. Stefan Wermuth / Bloomberg

Khalid Al Falih, Saudi Arabia's energy minister. Stefan Wermuth / Bloomberg

Mustapha Guitouni, Algeria's energy minister. Stefan Wermuth / Bloomberg

Parviz Shahbazov, Azerbaijan's energy minister. Stefan Wermuth / Bloomberg

Aldo Flores Quiroga, Mexico's deputy energy minister. Stefan Wermuth / Bloomberg

Ministers have gathered in the Austrian capital to discuss a supply increase that would be equivalent to about 600,000 barrels a day, or 0.5 per cent of global supply. Stefan Wermuth / Bloomberg

UAE's Energy Minister Suhail Mohamed Al Mazrouei arrives for the Opec meeting in Vienna. Heinz-Peter Bader / Reuters