Japan’s trade minister says his country will continue supporting Saudi Arabia’s economic reforms to maintain a stable supply of crude oil.
Hiroshige Seko sat down with Saudi Arabia’s Cabinet members on Monday, including Oil Minister Khalid al-Falih and Economy and Planning Minister Mohammed Al-Tuwaijri.
They were in the United Arab Emirates’ capital of Abu Dhabi, which is hosting a fair showcasing renewable energy.
The officials discussed oil exports to Japan from its biggest supplier, Saudi Arabia.
They also talked about Japan’s continuing support for the Middle Eastern country’s economic reforms aimed at reducing its reliance on oil exports.
Seko said, “We think stability in Saudi Arabia and the surrounding area is meaningful to Japan as the country depends highly on energy from this region. Japan will continue supporting Saudi Arabia’s reforms.”
Oil Minister Khalid al-Falih stressed that support from Japanese companies will be essential for the reforms.
US and European investments in Saudi Arabia have slowed following the killing of journalist Jamal Khashoggi in October last year. Japan has asked Saudi officials for transparency in the case.