Qatar and Saudi Arabia sign energy cooperation agreement

Qatar and Saudi Arabia have signed a memorandum of understanding to enhance cooperation across various sectors of the energy industry. The agreement was signed in Riyadh by Qatari Energy Minister Saad bin Sharideh al-Kaabi and Saudi Energy Minister Prince Abdulaziz bin Salman during the 17th International Energy Forum Ministers' Meeting.

The partnership covers a broad range of energy fields, including oil, natural gas and their derivatives, refining, petrochemicals, electricity, clean hydrogen, renewable energy, energy efficiency, and energy storage.

Additionally, the two nations will collaborate on sustainability and emission reduction technologies. This includes joint efforts in carbon capture, transport, reuse, and storage solutions to mitigate the effects of climate change. The agreement also aims to improve coordination and cooperation regarding energy and climate change within relevant international frameworks.