UAE President Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea signed several agreements to develop cooperation across energy and other sectors between the two countries during Yeol’s recent visit to the UAE.
The agreements and MoUs signed between the two countries include one related to hydrogen energy’s use in cities, its production, transmission and storage signed by the UAE Ministry of Energy and Infrastructure and the Korean Ministry of Land, Infrastructure and Transport, WAM reported.
A joint declaration between the two governments was also inked to enhance cooperation in energy through a strategic energy partnership.
Additionally, an agreement for cooperation in crude oil storage for “strategic and commercial storage” between ADNOC and the Korean National Oil Company, was signed by Dr Sultan bin Ahmed Al Jaber and Kim Dong-Sub.
Yeol said that Korea-UAE cooperation in clean energy will help stabilise the global energy market.
“We will support the success of the UAE’s hosting of COP 28 [the UN Climate Conference to be held in Dubai] at the end of this year and work together in that regard,” he was quoted as saying in a statement published by a local newspaper.
