UAE, Bahrain and Saudi Arabia to sell France the equivalent of 10 per cent of its diesel consumption
Saudi Arabia, the UAE and Bahrain will be selling the equivalent of 10 per cent of France’s diesel consumption in the coming weeks, Elysee sources have said. The aim is to bring energy prices down in Europe, which have fuelled protests and public anger in France. “The greater the quantity, the lower the price. It’s quite simple,” an advisor to French President Emmanuel Macron said. A large part…
Saudi Arabia, the UAE, and Bahrain are set to sell the equivalent of 10% of France's diesel consumption over the coming weeks, according to sources at the Elysee Palace. The objective is to reduce energy prices in Europe, which have sparked protests and public discontent in France. As French President Emmanuel Macron noted, the larger the quantity, the lower the price.
An advisor to the president explained that a significant portion of this deal was secured during Macron's recent tour of the Gulf, which began in Kuwait and the UAE on Monday. He is expected to continue the visit to Bahrain and Qatar.
France had previously secured a guarantee from Saudi Arabia to sell 95,000 tonnes of diesel in October and November, raising the total to 190,000 tonnes over two months. Furthermore, the UAE and Bahrain are expected to independently sell 100,000 tonnes of diesel to France in the coming weeks, though the exact duration of this arrangement remains unspecified.
The advisor emphasized that these commitments were obtained from regional countries due to their familiarity with France and their recognition of the country's reliability, particularly in providing air defence capabilities during critical moments.
The transactions will be facilitated through French energy giant TotalEnergies, with CEO Patrick Pouyanne joining Macron on his Gulf trip.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
