- In AIEF, the delegates discussed a range of issues on boosting two-way energy cooperation and intra-regional power trading.
- All the national regulatory policies governing the energy sectors were also reviewed by the delegates.
- The Forum was comprised of panelists from both public and private sector institutions of India and LAS member states.
On June 8 and 9, the first edition of the Arab-India Energy Forum (AIEF) was conducted under the co-chairship of India and Morocco. The meeting focussed on several issues ranging from potential, and challenges of cooperation in the fields of the energy transition, intra-regional power trading, hydrocarbons, and nuclear power generation.
In the meeting, the delegates exchanged their expertise views and practices in the fields of energy efficiency programs for different economic sectors, accelerated development of new and renewable energy. They also discussed ways to foster regional power-sharing arrangements, enhanced oil recovery, tight gas extraction, and safe nuclear power generation. “We also discussed on respective national regulatory policies governing these sectors, investment opportunities, and training collaboration possibilities,” an official added.
However, the experts pointed out that despite striving to transition towards clean and green energy economies, both India and LAS member states will continue their reliance on hydrocarbons in the near future. Panelists from both public and private sector institutions of India and LAS member states attended the meeting. Regional organizations such as the Organisation of Arab Petroleum Exporting Countries (OAPEC) and the Arab Atomic Energy Agency (AAEA) were also present.
The talk was in execution of the Executive Programme of the Arab-India Cooperation Forum (AICF) and the decision of the third meeting of the Senior Officials of India and the League of Arab States (LAS) held virtually on 12 January 2021.
The inaugural was addressed by the Minister of State R.K. Singh, the Minister of Energy, Mines and Environment of Morocco Aziz Rabbah, and Kamal Hasan Ali, the Assistant Secretary-General for Economic Affairs of the LAS.
Lastly, the delegates agreed to convene the second edition of the AIEF in India during the year 2023. They also thanked the Ministers and the General Secretariat of the LAS for their excellent coordination in putting together a substantive program.