The Energy Charter Secretariat and the Secretariat General of the League of Arab States signed a Memorandum of Understanding on issues concerning energy cooperation between the two organisations.
“Economic activity needs stability, and stability is based upon better understanding and closer cooperation. That is precisely what we intend to achieve through implementation of this Memorandum of Understanding,” Energy Charter Secretariat Secretary General Amb. Urban Rusnák stated in his speech at the signing ceremony.
The Secretary General of the League of Arab States, H.E. Dr. Nabil El Arabi, welcomed this new phase in the cooperation between the two organisations. His Excellency highlighted that energy was the motor of economic development and that the Arab League and the Energy Charter worked for the common goal of optimal future energy use.
The signed MoU focuses on joint activities for the development of regional and intra-regional energy trade, energy efficiency and renewable energy policies, regional electricity markets, knowledge exchange and technical cooperation, and on encouraging investment in the energy sector.
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