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The Silicon Review Asia

UAE and Israel jointly discuss oil and gas projects as relations improve

UAE and Israel jointly discuss oil and gas projects as relations improve

Israel and the United Arab Emirates held talks to discuss cooperation in the oil and gas sector, months after the two nations agreed to normalize ties. OPEC's third-largest oil producer and Israel held their first natural gas and petroleum working group meeting, UAE's state-run. The countries discussed ways to develop bilateral relations and cooperation in energy, petroleum, and natural gas.

The meeting included representatives from the countries' energy ministries as well as from the Abu Dhabi National Oil Company. Since signing the peace agreement earlier this year, UAE and Israel have discussed establishing embassies, starting direct flights and business deals. The countries have also begun talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.

Both the countries signed the peace agreement recently, and now to this oil and gas project talks will help them further pipeline the oil and gas projects. UAE and Israel being the top-most crude oil producers in the world will be signing new deals and projects, which will help both countries, improve their economic status.

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