Saudi Arabia has signed three memoranda of understanding (MoUs) with Kuwait, Qatar and Egypt to strengthen regional cooperation across electricity, renewable energy, oil, gas and petrochemicals.

Prince Abdulaziz bin Salman bin Abdulaziz, Saudi Minister of Energy and Minister of Industry and Mineral Resources, signed the agreements with senior officials from the three countries, establishing frameworks for expanded collaboration, joint projects and investment in key energy sectors.

The agreement with Kuwait’s Minister of Electricity, Water and Renewable Energy, Dr. Subaih Al-Mukhizim, focuses on electricity and renewable energy.

It covers power grid interconnection, electricity exports, energy efficiency, storage technologies and smart grids, alongside digital transformation, innovation, cybersecurity and artificial intelligence.

The two countries will also promote strategic partnerships between their institutions, localise energy-related materials, products and services, and strengthen cooperation between companies.

The agreement includes developing technologies and solutions to mitigate climate change, including those associated with the Circular Carbon Economy.

Under the MoU signed with Qatar’s Minister of State for Energy Affairs, Saad Al-Kaabi, cooperation will span oil and petroleum products, natural gas, refining, petrochemicals, electricity, clean hydrogen, renewable energy, energy efficiency and storage.

Saudi Arabia and Qatar will explore joint projects involving pipelines for transporting and exporting oil and gas, sustainable petrochemical materials for construction and other industries, and infrastructure supporting energy access.

The agreement also provides for coordination in international negotiations, forums and organisations addressing energy transitions, climate change and plastic pollution, including the United Nations Framework Convention on Climate Change and the Paris Agreement.

Meanwhile, the MoU signed with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, focuses on oil, gas and their derivatives.

It covers trade, handling, transportation, storage and distribution of crude oil, petroleum products and natural gas, as well as related infrastructure and logistics.

The agreement aims to strengthen energy market integration, improve supply chain resilience and reliability, enhance energy security, and meet demand in domestic, regional and international markets.

Cooperation will comply with the laws and regulations of both countries and operate on mutually beneficial commercial terms.

Saudi Arabia and Egypt will also exchange expertise in fuel station and service centre qualification, operation and maintenance, and share Saudi experience in opening the liquefied petroleum gas sector to competition.

The MoU further supports cooperation in petrochemicals and investment in ongoing and planned projects.

The three agreements underscore Saudi Arabia’s efforts to deepen regional energy partnerships, diversify cooperation and strengthen energy security through technology, infrastructure development and investment. -OGN/TradeArabia News Service