His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, held a meeting in Riyadh with His Excellency Almas Adam Satkaliyev; Minister of Energy of the Republic of Kazakhstan.
The meeting discussed ways of joint cooperation between the two countries in the fields of energy, as well as discussing developments in the global energy market.
During the meeting, His Highness the Minister of Energy signed with the Kazakh minister a memorandum of understanding in the field of energy between the government of the Kingdom and the government of Kazakhstan, which includes encouraging cooperation in the fields of oil and its derivatives, gas and its derivatives, refining, petrochemicals, electricity, renewable energy, clean hydrogen, energy efficiency, energy storage, and developing cooperation in the field of the circular carbon economy and its technologies that target climate change mitigation, such as carbon capture, reuse, transportation, and storage.
The memorandum also includes the development of qualitative partnerships between them to localize materials, products and services related to all energy sectors, supply chains and technologies, cooperation in developing innovative uses of hydrocarbons in various sectors, and cooperation in energy fields related to digital transformation, innovation, cyber security and artificial intelligence.
