Riyadh:Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy and Minister of Industry and Mineral Resources, signed four memoranda of understanding in Riyadh to enhance energy cooperation with Mongolia, Tanzania, Cyprus, and Mauritius. The agreements were signed on the sidelines of the 25th WPC Energy Congress hosted by Saudi Arabia.
According to Saudi Press Agency, the MoU with Mongolia, signed by Prince Abdulaziz and Deputy Prime Minister Togmid Dorjkhand, aims to boost collaboration in oil and gas, refining, petrochemicals, renewable energy, and other sectors. It also includes digital transformation and cybersecurity applications in the energy sector.
The agreement with Tanzania, signed with Minister Juma Zuberi Homera, focuses on the supply of refined petroleum products, opportunities in liquefied natural gas, and petrochemical production. It also addresses renewable energy, energy efficiency, and solutions related to climate change mitigation.
The MoU with Cyprus, signed with Minister Michael Damianos, establishes a framework for cooperation in oil and gas, renewable energy, clean hydrogen, and climate change mitigation technologies. It also emphasizes international policy priorities and sustainable petrochemical materials.
Finally, the agreement with Mauritius, signed with Minister Dhananjay Ramful, covers cooperation in oil and gas, renewable energy, and clean hydrogen. It highlights international policy priorities and the development of sustainable infrastructure for energy access.