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Saudi Arabia and UAE aim to boost Asian oil reserves
The Japanese Nikkei newspaper's website reported that Saudi Arabia and the United Arab Emirates are working to bolster oil reserves in Asia, which heavily rely on imports and lack sufficient supplies. Officials from both countries are expected to hold private discussions during the ministerial meeting involving 11 countries led by Japan in the Philippines next Thursday, expressing their intention to cooperate in the area of oil reserves. Reports indicate that this step aims to support energy supply security in the Asian region.
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