Abu Dhabi [
UAE
], April 11 (ANI/WAM): The
US
Secretary of Energy, Chris Wright, highlighted the robust and expanding
strategic partner
relations between the United States and the United Arab Emirates in areas of
energy
, artificial intelligence (
AI
), and sophisticated technology during his trip to the
UAE
.
Wright, who is present,
UAE
As part of his inaugural international tour, he outlined the nature of the bilateral relations with the
UAE
As observing “swift expansion” in investments and collaborative efforts. His tour across three nations is designed to bolster relationships with crucial geopolitical partners.
energy
allies.
During a visit to ADNOC HQ, Wright expressed his admiration for the
UAE
‘s early adoption of
AI
in its
energy
sector. “I think the
UAE
was among the first to move into
AI
I witnessed remarkable advancement today in implementing
AI
to their own
energy
Wright informed journalists, “The system, along with a clear vision for their upcoming trajectory,” adding that he anticipates substantial collaboration between the two countries in various areas.
energy
and
AI
, including substantial financial commitments from both sides, coupled with ongoing political collaboration between the nations.
In response to a question about mutual investments, especially following the launch of the
UAE
Wright stated at XRG Company that significant investment prospects exist for Emirates-based companies in the U.S., along with possibilities for American entities investing in the UAE.
UAE
These encompass movements of capital and technological advancements.
He mentioned that artificial intelligence will propel the subsequent stage of development.
energy
Demand, especially for natural gas and electricity.
Wright stated that his nation welcomes foreign investment and is taking steps to strengthen the private sector while lowering expenses, which makes it an appealing location for investing in oil, gas, and technology sectors.
energy
sectors.
He explained that oil and gas prices are affected by the dynamics of the free market and are not controlled by a single entity, pointing out that this is the case.
US
It continues to generate oil at substantial rates, whereas natural gas production is escalating swiftly, fueled by increasing local consumption and enhanced exporting capabilities.
He highlighted that brief price changes primarily result from market sentiments concerning supply and demand, stating: “Over time, I anticipate a steady decrease in oil and gas costs within the U.S., and our wish is for this trend to extend worldwide as well.”
Wright emphasized that this reduction in prices does not automatically imply a decrease in the company’s profit margins, stating that
energy
Companies will keep cutting down their production expenses and encounter lesser governmental obstacles, leading to a beneficial effect on the industry.
He emphasised that President Donald Trump’s agenda focuses on lowering
energy
costs as a means to improve citizen’s living standards, boost corporate competitiveness, and increase investments. He noted that the current
US
administration aims to support
energy
drive growth via increased adoption of artificial intelligence, bringing manufacturing back home, and improving quality of life.
He likewise emphasized fresh investment programs in the
energy
sector, including XRG, which focuses on investing in low-carbon
energy
, chemicals, fostering technological advancement, and offering crucial support
energy
And offerings to enhance the standard of living for people and communities across the globe.
He stressed that
AI
demands substantial financial outlay and sophisticated know-how, thus providing rich soil for
strategic partner
ships between the
UAE
and the United States.
Wright highlighted that capital and technological advancements are circulating bidirectionally. He commended the advanced tech utilized in oil and gas extraction processes, as well as the
UAE
‘ initial stakes in AI tech.
He said the United States is preparing for a new phase of strong growth in demand for oil and gas in the coming years, in parallel with the expected increase in production, pointing out that artificial intelligence will be a key factor in this growth, particularly by driving up demand for natural gas and electricity.
He observed that President Donald Trump is spearheading a trade policy centered around attaining equilibrium in global commerce and rejuvenating the manufacturing industry.
US
, which helps generate local employment opportunities and increase salary standards.
He explained that while the
US
While it has always welcomed imports, its trading partners have not exhibited comparable openness towards its exports. He further noted that the
US
The administration aims to establish reciprocity and encourage local industries using instruments like tariffs.
He pointed out that these policies will help bolster economic growth in the United States as well as internationally, even though they might come with some transitional difficulties.
Concerning ties with China and Iran, he mentioned that initial talks have commenced with China, showing confidence in achieving an agreement beneficial for both nations.
He emphasized that the primary aim concerning Iran is to bring an end to its nuclear program. He highlighted the significance of conducting earnest talks and acknowledged the United States’ dedication to stopping Iran from obtaining a nuclear weapon because of the danger this poses to the stability of both the Middle East and global security. (ANI/WAM)
Provided by Syndigate Media Inc. (
Syndigate.info
).
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