عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Abu Dhabi Ship Building Signs MoU with PT PAL Indonesia

Abu Dhabi Ship Building Signs MoU with PT PAL Indonesia
TT
TT

Abu Dhabi Ship Building Signs MoU with PT PAL Indonesia

Abu Dhabi Ship Building Signs MoU with PT PAL Indonesia

Abu Dhabi Ship Building (ADSB) signed a Memorandum of Understanding with PT PAL Indonesia to strengthen cooperation and to leverage the capabilities of both partners to build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements.

The deal was signed by Maktoom Al Shehhi, Director of MRO at ADSB; and Dr. Kaharuddin Djenod, CEO of PT PAL Indonesia, on the second day of the Indo Defense Expo & Forum 2022, held at JIExpo Kemayoran in Jakarta, Indonesia, until 5th November.

Commenting on the deal, CEO of ADSB David Massey said: “Our cooperation with PT PAL clearly strengthens our investment in Indonesia and the global export success of our world-class vessels."

“We are very pleased to be working with PT PAL, and we look forward to jointly pursuing opportunities that will help to achieve our respective business and national objectives.”

For his part, Dr. Kaharuddin Djenod, CEO of PT PAL Indonesia, said: “We are pleased to sign this MoU with Abu Dhabi Ship Building, which will support our objective of strengthening the Indonesian naval and defence industry. This collaboration will strengthen PT PAL's role in mastering naval technology in Indonesia."

Most Viewed

 
 
Business

Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin
TT
TT

Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin

Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani on Thursday discussed the importance of coordination between OPEC and OPEC+ members on oil price stability in a manner that guarantees fair prices for exporters and consumers.

Putin held a phone call with al-Sudani during which they discussed the OPEC+ oil agreement and the situation in the Middle East, the Kremlin said.

The telephone conversation came days prior to an OPEC+ key meeting expected early next month.

Reuters said that OPEC+ may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC+ sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

In a statement, the Kremlin on Thursday said Putin and Al-Sudani touched upon various aspects of coordination as part of OPEC+, a format that helps maintain stability in the global oil market, and reaffirmed the importance of continuing to coordinate steps in this format.

The Middle East issues were also mentioned in light of the unprecedented escalation of tensions in the region, it added.

The parties also agreed on further contacts at various levels, the statement said.

Later, Al-Sudani’s office said the phone call touched on energy-related matters, highlighting the importance of coordination among all concerned countries within OPEC and the OPEC+ group to stabilize oil and gas prices, ensuring fair pricing for both producers and consumers.