Saudi Arabia and UAE to Help Expand Asia's Oil Reserves, Report Says
According to Sina Finance, Nikkei reported that Saudi Arabia and the United Arab Emirates will help the region build oil reserves, as Asia has a high dependence on oil imports but has long lacked sufficient reserves. The Japan-led Asia Zero Emission Community, which has 11 member countries, is set to hold a ministerial meeting in the Philippines on Thursday, and senior Saudi and UAE officials will attend a separate consultation expected to express their intention to cooperate on oil reserves.
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According to Sina Finance, Nikkei reported that Saudi Arabia and the United Arab Emirates will help the region build oil reserves, as Asia has a high dependence on oil imports but has long lacked sufficient reserves. The Japan-led Asia Zero Emission Community, which has 11 member countries, is set to hold a ministerial meeting in the Philippines on Thursday, and senior Saudi and UAE officials will attend a separate consultation expected to express their intention to cooperate on oil reserves.
$CL
$BZ