During a video chat with French Minister for Energy Transition Agnes Pannier-Runacher, Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz stressed the need of bolstering oil market stability.
The Kingdom of Saudi Arabia and the French Republic are working to strengthen their partnership in the clean hydrogen and renewable energy sectors.
It was noted by both ministers that Riyadh will continue to be a trustworthy partner in crude oil supplies to France and that the two countries should work to deepen their bilateral relations and secure the security and energy supplies to global markets.
Along with the bilateral agreement for the peaceful uses of nuclear energy signed by the two governments in February 2011, the two officials addressed collaboration in the sector of clean hydrogen and renewable energy, in which French enterprises are actively engaged.
Opportunities in the electrical sector, energy efficiency, innovation, decarbonization technology, and other areas of mutual interest were highlighted as areas where the two parties should collaborate.
The political, economic, cultural, and military ties between Saudi Arabia and France are all strengthening.
The two nations have come to an agreement that the transition to economies free of greenhouse gas emissions would be facilitated by further research into the potential for expanding clean hydrogen production in Saudi Arabia.
Going to Greece
Through a video chat, Prince Abdulaziz bin Salman discussed the importance of a high-level working group to aid the implementation of the memorandum of agreement reached in July with Kostas Skrekas, the Greek Minister of Environment and Energy.
Both parties reaffirmed their commitment to working together to safeguard the world’s oil markets, keep lines of communication open, and deal with any new threats or hazards that may arise.
They also noted that Saudi Arabia remained one of Greece’s most trustworthy partners in crude oil imports, highlighting the importance of ensuring the security and stability of energy supplies to global markets.
Cooperation in renewable energy, clean hydrogen, and electrical connectivity projects was also discussed at the conference.
Pakistan pact
Saudi Arabia’s Crown Prince Abdulaziz bin Salman joined Pakistan’s Minister of Finance and Revenue, Dr. Miftah Ismail, in the inaugural meeting of a Saudi-Pakistani Economic Steering Committee via video chat.
The Saudi minister reaffirmed his country’s commitment to Pakistan as a key partner in its development goals and programs, saying that the two nations were working to deepen their existing relationships and forge new ones to further their shared interests.
The Steering Committee focuses on a wide range of issues, such as those pertaining to energy, industry, mineral riches, commerce, finance, the environment, agriculture, transport, logistics, communication, IT, tourism, and investment.
