Saudi Energy and Industry Minister Signs Energy Cooperation Memoranda with Kuwait, Qatar, and Egypt

Saudi Arabia's Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman signed three memoranda of understanding with ministers from Kuwait, Qatar, and Egypt, covering broad areas of cooperation in the energy sector.

Regarding Kuwait, Prince Abdulaziz signed a memorandum of understanding in the field of electricity and renewable energy with Kuwait's Minister of Electricity, Water, and Renewable Energy Dr. Subieh Abdulaziz Abdulmohsen Al-Mukhizeem. The memorandum establishes a framework for cooperation that includes electrical grid interconnection, electricity exports, energy efficiency, storage, smart grids, as well as digital transformation, artificial intelligence, and cybersecurity. It also provides for the development of strategic partnerships between institutions of both countries, localization of materials, products, and services related to the energy sector, alongside cooperation in circular carbon economy technologies.

With regard to Qatar, Prince Abdulaziz signed a cooperation memorandum in the energy field with Qatar's State Minister for Energy Engineer Saad bin Sherida Al-Kaabi, covering oil and petroleum products, gas and its derivatives, refining, petrochemicals, electricity, clean hydrogen and its derivatives, renewable energy, energy efficiency, and storage. The memorandum also includes exploring opportunities for joint pipeline projects for the transport and export of oil and gas, developing sustainable petrochemical materials, and cooperation in international climate negotiations within frameworks including the United Nations Framework Convention on Climate Change and the Paris Agreement.

With respect to Egypt, Prince Abdulaziz signed a memorandum of understanding with Egypt's Minister of Petroleum and Mineral Resources Engineer Karim Badawi, covering cooperation in crude oil, petroleum products, and natural gas, including their trade, handling, transport, storage, and distribution, as well as the development of related logistics infrastructure. The memorandum also includes exchanging Saudi expertise in qualifying, operating, and maintaining fuel stations and service centers, and expanding cooperation in petrochemicals and investment in existing and planned projects.