As tensions ease, Turkey says talks to UAE on energy investment

As tensions ease, Turkey says talks to UAE on energy investment

Turkey is in talks with the United Arab Emirates over investment in its energy sector, Turkey’s deputy energy minister said on Tuesday, after the sides called a truce on their bitter rivalry.

After contacts between intelligence and government officials eased tensions, the UAE this month said it was seeking deeper trade and economic ties with Turkey and seven other countries as it looks to defend its global business hub status after the pandemic.

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Turkish deputy energy minister Alparslan Bayraktar told reporters in Dubai on Tuesday there had been talks with the UAE about investment in Turkish energy projects. He did not disclose which specific projects, but said the Emiratis had previously considered power generation.

Further talks were expected on Wednesday, Bayraktar said, when he is to meet UAE energy minister Suhail Al Mazrouei.

“There are so many areas where we can cooperate,” he said.

A UAE government official could not immediately be reached for comment on the Turkish official’s remarks. An Emirati official told Reuters earlier this month the Gulf state could invest in Turkey’s energy sector, among other areas.

Turkish President Tayyip Erdogan last month spoke with UAE de facto ruler Abu