NIOC (Vienna) – Iranian Oil Minister Javad Owji and the United Arab Emirates’ Minister of Energy Suhail Al Mazrouei here on Wednesday put emphasis on promoting bilateral oil cooperation.

Meeting on the sidelines of the 8th OPEC International seminar in the Austrian capital, the two ministers discussed trade of crude oil, natural gas, and oil and petrochemical products.

Joint investment, development of joint fields, expansion of cooperation in oil and gas sectors, and the global oil markets’ status quo were the other topics of their negotiation.

The 8th OPEC International Seminar started in Vienna on Wednesday.

The two-day seminar is taking place at the Hofburg Palace, bringing together representatives from top oil-exporting countries as well as chief executives from global energy majors. This year’s main theme of the event is “Towards a Sustainable and Inclusive Energy Transition”.

First-day discussions largely covered the stability of energy markets and problems with their financing.