Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz has signed three memoranda of understanding with counterparts in Kuwait, Qatar and Egypt to broaden cooperation across the energy sector.
Prince Abdulaziz and Kuwait’s Minister of Electricity, Water and Renewable Energy, Dr. Subaih Abdulaziz Abdulmohsen Al-Mukhizim, signed an MoU on electricity and renewable energy. It sets out a framework for cooperation in power generation, renewable energy, grid interconnection, electricity exports, energy efficiency and storage, and smart grids.
The agreement also covers digital transformation, innovation, cybersecurity, artificial intelligence, partnerships between institutions, and the localization of energy-related products and services. It includes cooperation on technologies to mitigate climate change, including those related to the Circular Carbon Economy.
The Saudi minister also signed an energy cooperation MoU with Qatar’s Minister of State for Energy Affairs, Eng. Saad bin Sherida Al-Kaabi. The agreement spans oil and petroleum products, gas and its derivatives, refining, petrochemicals, electricity, clean hydrogen and its derivatives, renewable energy, energy efficiency and storage. It also provides for exploring joint opportunities to build pipelines for transporting and exporting oil and gas, developing sustainable petrochemical materials for construction and other sectors, and advancing infrastructure that supports access to energy.
The Saudi-Qatari agreement also envisages cooperation in negotiations, forums and international organizations focused on energy transitions and climate change. These include the United Nations Framework Convention on Climate Change, the Paris Agreement and the Intergovernmental Negotiating Committee working to develop a legally binding international instrument on plastic pollution.
Prince Abdulaziz and Egypt’s Minister of Petroleum and Mineral Resources, Eng. Karim Badawi, signed the third MoU, covering cooperation in oil, gas and their derivatives. It establishes a framework for collaboration on crude oil, petroleum products and natural gas, including their trade, handling, transportation, storage and distribution, as well as related infrastructure and logistics.
The Saudi-Egyptian partnership is intended to support the integration of energy markets, strengthen the resilience and reliability of supply chains, enhance energy security, and meet domestic, regional and international market needs. Cooperation will be carried out under the laws and regulations of both countries and on commercial terms that serve their mutual interests.
The agreement also provides for Saudi Arabia to share its experience and best practices in qualifying, operating and maintaining fuel stations and service centres, as well as its experience in opening liquefied petroleum gas activities to competition. It further encourages cooperation in petrochemicals and investment in ongoing and planned projects.
Related Topics:
WPC Congress 2026: How Riyadh Charts the Course for Global Energy Transition
Saudi Arabia’s Renewable Energy Leap: 88% Capacity Surge in 2025
Vision 2030: Saudi Arabia Unveils 4.5 GW Renewable Energy Projects
Saudi, Moroccan Ministers Sign Executive Program for Renewable Energy Cooperation
