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Mon 27 Nov 2017 11:48 AM

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Japanese PM mulling over UAE visit

Local media reports that PM Shinzo Abe's visit will focus on extending the rights of Japanese firms operating Abu Dhabi's offshore oil fields

Japanese PM mulling over UAE visit

Japanese Prime Minister Shinzo Abe is planning to visit the UAE in January, according to Japanese media reporters.

Quoting an unnamed government source, Japan Today is reporting that Abe is planning to discuss the extension of Japanese firms’ rights in offshore oil fields near Abu Dhabi, which are set to expire next March.

The UAE is the second largest oil exporter to the Japanese market, behind only neighbouring Saudi Arabia.

Additionally, Abe is expected to call for increased coordination to ensure a stable oil supply and discuss ways to strengthen Japanese-UAE bilateral cooperation regarding security and industrial development.

According to the source quoted by Japan Today, a final decision on the visit will be made after taking into account factors including the convening of the delayed trilateral summit in Tokyo between the leaders of Japan, China and South Korea.

Tokyo is also reportedly considering sending Foreign Minister Yaro Kono to Abu Dhabi for the January meeting of International Renewable Energy Agency to make a pitch for Japanese renewable energy technologies.

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