Qatar and Saudi Arabia have signed a memorandum of understanding to cooperate across the energy sector, QatarEnergy said on Sunday.
Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi and Saudi Energy Minister Prince Abdulaziz bin Salman signed the agreement on the sidelines of the 17th International Energy Forum Ministerial Meeting and the 25th WPC Energy Congress in Riyadh.
The agreement covers oil and gas, refining, petrochemicals, electricity, clean hydrogen, renewable energy, energy efficiency and storage.
It also provides for cooperation on technologies to reduce emissions and address climate change, including carbon capture, transport, utilisation and storage.
The two countries will coordinate on energy, sustainability and climate change through relevant international initiatives and frameworks.
The agreement will take effect once both countries complete the required legal procedures, QatarEnergy said.
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