Abu Dhabi, June 9, 2022 (WAM)-Sultan Bin Ahmed Al Javert, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, held a series of high-level meetings with the Korean government and business leaders. Strengthen bilateral relations and promote opportunities for low-carbon economic growth.

During the two-day official visit that ended on Wednesday, Dr. Al Javert held a bilateral meeting with senior South Korean government officials, including Foreign Minister Park Jin. Minister of Trade, Industry and Energy Lee Changyang. Minister of the Environment Han Kazuma, former UN Secretary-General Ban Ki-moon.

At the conference, Dr. Al-Jabert wants to convey UAE leadership greetings to the government and the people of South Korea, strengthening special strategic partnerships with South Korea across multiple strategic areas, including industry, traditional and new energy. Emphasized the desire of. Decarbonization and climate solutions. Dr. Al Javert thanked South Korea for its support during the UAE’s bid to host COP28 (28th Conference of the Parties) and proposed the UAE’s proposal for South Korea to host COP33 in 2028. I reconfirmed.

He strengthened the UAE’s commitment to secure reliable crude oil supplies, petrochemicals and refined products to South Korea.

Dr. Al Javert said, “UAE attaches great importance to its strategic relationship with the Republic of Korea. For over 40 years, the UAE has been a reliable strategic business and energy partner for the Republic of Korea, and we are working to deepen it. With energy to seize the economic opportunities of energy transition and promote progressive climate action for the economic benefit of both peoples, in line with the wise instructions of the leaders of the United Arab Emirates. Our relationship across the industry’s value chain. ”

As part of the visit, Dr. Al Javert also held meetings with key South Korean business executives, including Yong Soo Fu, President and Chief Executive Officer of GS Energy. GS Caltex, President and CEO, Sae-Hong Hur; Jung Seung-il, President and CEO of Korea Electric Power Corporation (KEPCO). Kim Dong-sab, President and CEO of Korea National Oil Corporation (KNOC). Hee-Bong Chae, President and CEO of Korea Gas Corporation (KOGAS). Samsung Engineering, President and CEO, Sungan Choi; Samsung C & T, President and CEO, Se-Chul Oh; SK Construction CEO Kyung-Il Park.

Government and private sector meetings focused on industrial cooperation, hydrogen, decarbonization, climate solutions, and COP28 (28th Conference of the Parties). The conference also covered opportunities in Abu Dhabi’s upstream, refining, petrochemical sector, and Ruwais’ TA’ZIZ industrial chemistry zone.

Dr. Al Jaber emphasized the great potential for UAE and South Korea to work together to drive climate change control through renewable energy and new commercially feasible technologies. In this regard, Abu Dhabi’s renewable energy companies Masdar and KEPCO have signed a Memorandum of Understanding (MoU) to jointly evaluate offshore wind energy opportunities.

Under the agreement, the two companies will explore the possibility of working together on KEPCO’s current and pipeline offshore wind projects and Masdar’s global renewable projects, including but not limited to offshore wind projects. It also evaluates opportunities for green hydrogen production, battery storage technology and energy trading activities.

In recent years, the UAE-South Korea partnership has focused on strategically important sectors such as hydrocarbons, renewable energy, nuclear power, healthcare and logistics. Prominent projects include Abu Dhabi’s Barakah Nuclear Power Plant and Abu Dhabi’s upstream concessions.

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