Minister of Economy, Trade and Industry Nishimura, who is visiting the Middle East, met with the Minister of Energy of Saudi Arabia, the largest importer of crude oil, and called for cooperation in stabilizing international crude oil prices.
Minister of Economy, Trade and Industry Nishimura, who is visiting Saudi Arabia, held a meeting with Minister of Energy Abdul Aziz in Riyadh on the 25th.
Among them, Minister Nishimura called for cooperation as it is essential to stabilize crude oil prices as the world's energy supply and demand are tight.
In response, Energy Minister Abdul Aziz said that increasing crude oil production would require investment by consuming countries, and that it is important to work together to stabilize crude oil prices. I agreed with the recognition.
In addition, at the meeting, the two countries agreed to cooperate in building a supply network for hydrogen and ammonia, which are next-generation energies, and exchanged a memorandum of understanding.
The aim is to strengthen the relationship between Saudi Arabia and Japan, where the development of an alternative industry to petroleum is an issue.
After the meeting, Minister Nishimura said, "We have a long-standing relationship of trust with Saudi Arabia, including in the energy field. Next year, Japan will chair the G7, so I would definitely like to lead discussions aimed at stabilizing the oil market." was talking