Saudi Arabia and UAE plan to cooperate with Asia to strengthen oil reserves

智通财经2026/10/04 17:26

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According to Nikkei News, Saudi Arabia and the United Arab Emirates will help Asia build up its oil reserves. Despite being dependent on imports, the region has not maintained adequate supplies. Led by Japan, the Asian Zero Emission Community, comprising 11 countries, will hold a ministerial meeting in the Philippines this Thursday. Senior government officials from Saudi Arabia and the UAE will participate in special consultations and are expected to express their intention to cooperate on oil reserves. On October 11, the International Energy Forum will be held in Saudi Arabia. This forum serves as a ministerial-level dialogue between oil-producing and importing countries. Japan is expected to participate and share a cooperation framework with Asia. The outcomes of the Asian Zero Emission Community meeting will be compiled into a joint statement, which will serve as the basis for discussions between member states and Middle Eastern oil-producing countries on strengthening oil reserves. Bilateral talks will follow to finalize the details and scale of such efforts. It is expected that Saudi Arabia and the UAE will expand exports to target countries and prioritize supply in emergencies.

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