Page 14 - MEOG Week 46 2021

MEOG NEWS IN BRIEF MEOG

POLICY The Iranian presidential press service also a joint meeting at the Abu Dhabi International
quoted Raisi as saying during the call: “We are Petroleum Exhibition Conference on Tuesday.
Iran ready to update ready to conclude the document on a long- implement the plans for transitioning into
“Similar partnerships could help to
term comprehensive cooperation between
agreement with Russia the two countries in order to accelerate the clean energy and assist both countries in
process of the further expansion of bilateral
drafting projects and initiatives that support
Iran is ready to conclude an updated interaction.” the Paris climate change agreement,” said
long-term agreement on comprehensive Iran has lately been stepping up efforts Sharif Al Olama, Undersecretary of for Energy
cooperation with Russia, Iranian President at finding an agreement that would enable and Petroleum Affairs in the Ministry of
Ebrahim Raisi said during a phone it to become a member of the Moscow-led Energy and Infrastructure.
conversation with Russian counterpart Eurasian Economic Union, a trade bloc The agreement comes as major oil
Vladimir Putin on November 16. that also includes Kazakhstan, Kyrgyzstan, producers such as the UAE, Saudi Arabia and
Raisi also said during the call that “the Armenia and Belarus. Russia revealed their targets to achieve net
positions of Tehran and Moscow are close The Treaty on the Basis of Mutual Relations zero emissions by the middle of the century.
on many international issues” and that and Principles of Cooperation between Iran These countries are expected to
“Opposing the unilateral approach and and Russia was signed in March 2001. It is significantly boost their investments in clean
boosting multipolarity are the common automatically extended every five years. In energy to cut emissions and develop more
features of the two states”. late September, during a visit to Moscow, sustainably.
The call between the two presidents took then Iranian foreign minister Mohammad The UAE has pledged to invest Dh600
place a day after details emerged of a finalised Javad Zarif stated that prior to another billion in clean energy over the next three
deal to develop Iran’s multi-trillion-dollar new extension, the Iranian side intended to review decades as it seeks to reduce carbon emissions
gas discovery, the Chalous field in the Caspian opportunities for updating the document by 2050.
Sea, which is reportedly regarded by Russian taking into current realities. Currently, the Gulf country has the world’s
officials “as the final act of securing control BNE cheapest solar power and is home to three
over the European energy market”. Iran is of the largest solar complexes in the world.
purportedly expecting some geopolitical UAE, Russia form energy It is also the first Arab country to develop a
pay-off for giving Russian companies the peaceful nuclear energy programme.
major share in the deal, such as support sector task force The UAE plans to become a key player
from Moscow in the ongoing negotiations in the hydrogen fuel industry and revealed
on reviving the nuclear deal, or JCPOA. The UAE and Russia signed a declaration a programme called the UAE Hydrogen
Chinese companies are also set to take part in of intent to form a joint task force aimed at Leadership Roadmap at the Cop26 summit.
developing the giant field. Beijing has lately strengthening co-operation in the energy The road map is expected to help it to use the
been supportive of Iran’s stance ahead of the sector, particularly in clean energy. clean fuel to assist its transition.
JCPOA talks, set to restart on November 29, The two countries agreed to collaborate in Under the latest deal, the UAE and Russia
with Tehran saying it will not accept demands developing the hydrogen sector to boost clean will develop artificial intelligence and digital
from the US that exceed those agreed to in energy production. services, exchange expertise and share best
putting together the original deal. The declaration of intent was signed during practice in the clean energy sector, including

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