Saudi Arabia, Jordan forge energy cooperation agreement
Saudi Minister of Energy, Prince Abdulaziz bin Salman, and Jordan’s Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, convened in Riyadh on Thursday to formalize a comprehensive energy cooperation agreement between the two nations.
The accord, aimed at fostering collaboration across multiple energy domains, sets the stage for a strategic partnership with shared objectives and interests.
The bilateral agreement encompasses a broad spectrum of energy sectors, including oil, gas, electricity, renewable energy, energy efficiency, and petrochemicals. It outlines a framework to encourage collaboration between Saudi Arabia and Jordan, emphasizing joint efforts to advance technologies associated with the circular carbon economy. This includes initiatives targeting climate change mitigation, such as carbon capture, reuse, transportation, storage, and advancements in the hydrogen sector.
A pivotal aspect of the accord is the commitment to digital transformation and innovation within the energy sector. Both nations have pledged to explore and implement cutting-edge technologies, fostering a collaborative environment conducive to transformative developments. The agreement further highlights the intention to cultivate qualitative partnerships, promoting the localization of materials, products, and services across all energy sectors, supply chains, and associated technologies.
Crucially, the cooperative effort extends beyond industrial pursuits, encompassing a shared commitment to developing standards and regulations pertaining to sustainable materials. The nations are poised to work collaboratively in shaping a regulatory landscape that aligns with evolving global standards, reinforcing their dedication to sustainable and environmentally conscious practices in the energy sector.
As Saudi Arabia and Jordan embark on this energy cooperation journey, the agreement underscores their joint dedication to progress, innovation, and sustainable practices. The signing of this landmark accord not only fortifies diplomatic ties but also positions both nations as pivotal players in shaping the future of energy collaboration on the regional and global stage.
