A webinar dialogue session was recently hosted by the UAE-Canada Business Council to discuss the ‘Energy issues in the post-COVID-19 world’ in the presence of Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, OPEC Secretary General, Mohammad Sanusi Barkindo, and Jason Kenney, Premier of Alberta, Canada.
The Canada-UAE Business Council has helped in facilitating long-term relationships and strategic initiatives among industry stakeholders.
Addressing the meeting, Al Mazrouei said, “The UAE has a plan to diversify our energy sources to more greener forms of energy, up to 50% by the year 2050. What happened showed that at difficult times we can work together and manage this storm. I think all countries post-COVID are revisiting their plans, looking at how we will benefit from the learnings of this pandemic that flipped the whole economy upside down, and made us worried about things that we did not worry about before – such as food security and healthcare security.”
“Adaptability is something we’ll learn, and I think we will capitalize on that in the future,” he added.
For his part, Barkindo expressed his appreciation to Canada for its support in encouraging the energy dialogue, notably the recently held bilateral meeting with HE Sonya Savage, Minister of Energy for Alberta, to discuss oil developments against the backdrop of recent OPEC and non-OPEC meetings.
The Secretary General underscored the vital role of dialogue and cooperation in achieving sustainable stability in the oil market. He cited the impact and positive outcome of the OPEC and non-OPEC Declaration of Cooperation on the oil market as a stabilising mechanism for the global energy industry.
Also Read: China’s Saudi Oil Import At A Record High