Saudi Arabia explores ways to boost energy cooperation with UK

By Shilpa Annie Joseph, Official Reporter
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Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman has discussed ways to strengthen the energy cooperation with Mr. Grant Shapps, Secretary of State for the Department of Business, Energy, and Industrial Strategy of the United Kingdom.

The two ministers stressed the relations between the two countries. The meeting was held on the sidelines of the Future Minerals Forum.

Further, they discussed areas of bilateral cooperation in different energy fields as well as future opportunities in the sector through the memoranda of understanding (MoUs) between the Saudi and UK governments.

The two sides discussed areas of cooperation in the field of clean hydrogen as well as the development and localization of technologies related to carbon capture, utilization, and storage.

They also discussed exchanging related expertise, conducting joint research, and developing related regulations and policies.

Both ministers also discussed areas of cooperation in renewable energy, petrochemicals, power plants, and the localization of energy components.

Furthermore, Prince Abdulaziz and Mr. Shapps expressed their aspiration for Saudi and British companies to participate in the implementation of many related projects.

Recently, the Department for Business, Energy & Industrial Strategy in the United Kingdom of Great Britain and Northern Ireland signed a Memorandum of Understanding with the UAE Ministry of Energy and Infrastructure in order to drive the energy sector. The memorandum aims to exchange information, knowledge, expertise, and studies in the field of energy.

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