Saudi Energy Minister, Prince Abdulaziz bin Salman met with French Foreign Minister Catherine Colonna in Riyadh on Thursday as part of her official visit to the Kingdom.
During the meeting, the leaders discussed the prospects for peaceful nuclear energy cooperation as well as future opportunities in various energy fields such as renewable energy, clean hydrogen, and electricity interconnection.
They both signed a Memorandum of Understanding to establish a framework for energy sector collaboration. The MoU encourages cooperation between their countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids, oil and gas and their derivatives, refining, petrochemicals, and distribution and marketing.
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This will further the collaboration in technologies, with an aim to mitigate the effects of climate change, such as carbon capture, utilization and storage (CCUS) in hard-to-abate sectors, and the production of hydrogen, as well as other technological innovations.
The MoU also promotes cooperation in digital transformation, localization of materials, products and services in the energy supply chain, collaboration between companies in the energy sector, joint research in universities, research centres and other forums, as well as building human capacity through training and exchanging of experience in the energy sector.
This story was adapted from al-awsat.