France, United Arab Emirates sign deal on energy co-operation

PARIS –

FranceAnd the United Arab Emirates on MondaySigned an agreement on energy co-operationOil and natural gas supply from the GulfName of the country EuropePreparations for a total gas stop RussiaIn retaliation to sanctions for the war Ukraine.

The dealThe announcement was made by FrenchEconomy ministry is as President Emmanuel MacronUAE hosts President MohammedBin Zayed Al NahyanIn Paris.

“The agreement we are signing with the United Arab Emirates is of double strategic importance: it allows us to address the pressing challenges of energy security in the short term, while preparing for a de-carbonized future,” French Economy Finance Minister Bruno Le Maire saidIn a statement

TheThe ministry didn’t provide any details onThe agreement.

OtherTrade and energyExpect to sign agreements during Sheikh Mohammed’sFirst state visit FranceSince he was elected president of the WesternSeven sheikhdoms are allied nations in May. TheyInclude an agreement between you and the French energyTotalEnergies giants Abu Dhabi National Oil CompanyYou can ensure energyThe economy ministry, supply said.

FranceThe UAE has deep ties, and the two leaders have formed a personal relationship. ItDuring Macron’sGo to Abu DhabiLast year, that led to a 16 billion-euro ($18 billion) increase in arms sales dealWith the GulfThe largest ever ally FrenchWeapons contracts for export

Their meeting MondayIt is the war in UkraineThe sixth month is when the famine continues. EuropeThe grip of a heat wave is upon us. EuropeanCountries are anticipating a possible RussianGas shut down amid rising prices energyThe 27-member bloc is facing inflation and high prices.

RussiaA dozen people have cut off or reduced natural gaz — which is what keeps industry running, generates power and heats homes in winter — to one dozen European countries. A major pipeline for gas was also shut last week as scheduled maintenance. Nord Stream1 between Russia GermanyIt will not start again.

LeadersTo avoid an economic and political crisis during winter, workers have been scrambling for underground storage to be filled by the fall. Italian Prime Minister Mario DraghiIs visiting Algeria on MondayTo finalize agreements to boost natural gas supplies from the North AfricanTo the country ItalyWhile EU Commission President Ursula von der LeyenWas in AzerbaijanClinch a dealWith President Ilham Aliyev onIncreased gas supplies

Macron saidHis government announced last week that it would be preparing a “sobriety plan”Conserve energyAnd that FranceKeeps looking for ways to diversify gas resources HeA faster transition to offshore windfarms was needed. European cross-border energyCooperation “as we prepare ourselves for the scenario where we have to go without all Russian gas.”

Le Maire saidThe UAE has held talks with the UAE over supplies of oil and diesel. “an alternative to Russian petrol.”

TotalEnergies CEO Patrick Pouyanne saidIn ParliamentLast week, the French energyGiant is “discussing an agreement to have access to diesel and fuel from the Emirates this winter.”

He saidThe company’s efforts are part and parcel of the FrenchInitiative to secure enough energyMake up the difference Russian supplies.

The UAE’s energyExports to FranceRefined petroleum products dominate the market and have reached a record amount of 1.5 billion euros in 2019.

The U.S. Energy Information AgencyThe UAE has the seventh largest proven reserves of natural gasoline in the world with over 215 trillion cubic inches. TheCountry, where lies onThe eastern coast of the Arabian PeninsulaYou can also follow the Persian GulfThe country is one of the top 10 oil producers in the world, with most of its oil and gas wealth concentrated there. Abu Dhabi.

HumanRights groups have called on MacronHis UAE counterpart should be reminded of the poor human rights record of his country.

“For years, the UAE has systematically crushed dissent,” Human Rights Watch saidA statement in advance Monday’s visit. “Activists, lawyers, teachers, students, and those deemed critics are arrested, prosecuted, and detained, women and LGBT people face discrimination.”

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SurkReport from Nice, France