Emmanuel Macron, the President of France, during his trip to the Gulf countries, secured an additional supply of 200,000 tons of diesel per month from the United Arab Emirates and Bahrain. This agreement is particularly in line with Macron's efforts to reduce energy prices in France and could have a significant impact on the country's energy supply.
Details of the Agreement with Gulf Countries
According to the Elysee Palace, Macron secured agreements worth 100,000 tons of diesel per month during his visit to the United Arab Emirates. Additionally, a supply of another 100,000 tons of diesel per month was also signed in Bahrain. This action reflects the close cooperation between France and the Gulf countries in the field of energy supply.
Energy Supply via Oman
During this trip, Kuwait also made clear commitments to supply diesel and coal to the French territories of Mayotte and Réunion in the Indian Ocean. These shipments will be sent via Oman to bypass the Strait of Hormuz. This could help increase the security of France's energy supply and reduce dependence on risky routes.
With the addition of shipments secured from Saudi Arabia, France will be sourcing a total of 295,000 tons of diesel per month from Gulf countries, which constitutes more than 10 percent of the country's energy consumption. These agreements indicate closer ties between France and the Gulf countries and the importance of this region in global energy supply.
Impact on Prices and Energy Market
Macron's trip to the Gulf comes in the wake of rising energy prices in global markets and the need for sustainable energy sources for France. These agreements could lead to a reduction in domestic prices and increased stability in France's energy market. Additionally, this event reflects Macron's ongoing efforts to diversify energy sources and reduce dependence on imports from other countries.
During this trip to Manama, the capital of Bahrain, Macron was welcomed by a crowd of students holding Bahraini and French flags. This trip also included stops in the United Arab Emirates, Kuwait, and Qatar, all of which demonstrate the strong relations between France and the Gulf countries.
