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Xi ends state visit to UAE with raft of deals signed
by Staff Writers
Dubai (AFP) July 21, 2018

The United Arab Emirates on Saturday said it agreed to set up a "comprehensive strategic partnership" with China as President Xi Jinping wrapped up a three-day visit to the Gulf country.

"The UAE and China have agreed to enhance cooperation in all fields to higher levels and forge overall strategic partnerships," the official WAM news agency said.

It said this would "contribute to cementing and intensifying cooperation, boost joint development and prosperity, which is consistent with the common interest of both countries and their peoples".

China and the UAE had already signed on Friday a raft of economic agreements and in the run-up to Xi's visit they agreed oil and trade deals.

Xi met UAE Vice President Sheikh Mohammed bin Rashid al-Maktoum, who is also ruler of Dubai, and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan during his visit.

Abu Dhabi was the Chinese president's first stop on a tour which now takes him to Senegal, Rwanda and South Africa.

A joint statement by China and the UAE, published Saturday by WAM, said the two countries were committed to bolster cooperation across the board, including politics, economy, oil, gas and security.

There would also be joint military training, the two countries agreed.

The United Arab Emirates was "keen to deepen cooperation" which China's "One Belt, One Road" infrastructure plan, the statement added.

The ambitious trillion-dollar project aims to revive the ancient Silk Road trading routes with a global networks of ports, roads and railways.

On Thursday, the UAE's state-owned DP World announced an agreement between the two countries to build a new trade zone in Dubai as part of that project.

A strategic cooperation framework between state-owned Abu Dhabi National Oil Co (ADNOC) and China National Petroleum Company was among the deals signed on Friday, the UAE company said.

On Thursday ADNOC announced it had awarded two contracts worth $1.6 billion (1.4 billion euros) to BGP Inc, a subsidiary of CNPC, for a seismic survey in the emirate.

The survey will search for oil and gas in onshore and offshore sites covering an area of 53,000 square kilometres (20,500 square miles).

China is the United Arab Emirates' top trading partner and the UAE is also one of the top 15 crude suppliers to China.

China and UAE sign deals as president visits Abu Dhabi
Abu Dhabi (AFP) July 20, 2018 - China and the United Arab Emirates signed a raft of economic agreements Friday as President Xi Jinping held "extensive talks" in Abu Dhabi that will strengthen political ties, the UAE said.

Xi met UAE Vice President Sheikh Mohammed bin Rashid al-Maktoum, who is also ruler of Dubai, and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan on the second day of a three-day visit.

"We have substantial political and economic agreement and a solid base of projects in energy and technology sectors and infrastructure," Dubai's ruler said in a tweet.

"More than that, (we have) a strong political will to start a larger phase of cooperation," he added.

China and the UAE already agreed oil and trade deals in the runup to Xi's visit.

The two delegations signed more "memorandums of understanding and agreements" on Friday, Crown Prince Mohammed said on Twitter.

This takes the total number of memoranda of understanding and deals struck this month to 13, official UAE news agency WAM said.

A strategic cooperation framework between state-owned Abu Dhabi National Oil Co (ADNOC) and China National Petroleum Company was among the deals signed on Friday, ADNOC said.

The agreement "outlines opportunities for possible future collaboration across ADNOC's upstream and downstream value chains and support for China's growing energy needs", ADNOC said in a statement.

ADNOC announced on Thursday it had awarded two contracts worth $1.6 billion (1.4 billion euros) to BGP Inc, a subsidiary of CNPC, for a seismic survey in the emirate.

The survey will search for oil and gas in onshore and offshore sites covering an area of 53,000 square kilometres (20,500 square miles).

Also on Thursday, the UAE's state-owned DP World announced an agreement between the two countries to build a new trade zone in Dubai.

The project is part of China's trillion-dollar "One Belt, One Road" infrastructure initiative, an ambitious plan to revive the ancient Silk Road trading routes with a global network of ports, roads and railways.

In a further sign of strengthening ties, Dubai-based real estate developer Emaar Properties on Wednesday announced plans to build the Middle East's largest Chinatown in the UAE.

Abu Dhabi is the Chinese president's first stop on a tour which also includes Senegal, Rwanda and South Africa.


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Total advances renewable energy projects in Brazil
Washington (UPI) Jul 18, 2018
A renewable energy division of French supermajor Total said Wednesday it was moving forward with new solar power developments in Brazil. Total in September paid about $275 million to acquire a 23 percent stake in renewable energy company Eren, naming the new entity Total Eren. The renewable energy division announced Wednesday it was financing and building a combined 140 megawatts of nominal power in Brazil, roughly enough power for at least 100,000 homes. Of the three projects either in ... read more

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