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Wednesday, Feb 01, 2023

Saudi Arabia, Iraq to Complete Steps for Cooperation in Gas, Renewable Energy

Saudi Arabia, Iraq to Complete Steps for Cooperation in Gas, Renewable Energy

Saudi Arabia and Iraq have agreed to complete work on a number of important joint projects in the fields of gas, petrochemicals, electricity and renewable energy, and to intensify communication between them to discuss more joint opportunities.
This came during a meeting on Thursday between Saudi Energy Minister Prince Abdulaziz bin Salman, and Iraq’s Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani Al-Sawad.

The officials pointed to the progress achieved in the joint electrical interconnection project, emphasizing the importance of accelerating the implementation of the plan and increasing the capacity of the linkage to meet the aspirations of their countries.

A statement said that the officials stressed the need to enhance bilateral cooperation in the fields of electricity and renewable energy, including operating and maintaining electrical networks and stations, and developing renewable energy plant projects.

They also agreed to strengthen cooperation in the area of clean technologies to reduce carbon emissions, within the framework of the Green Middle East initiative, which is based on the carbon circular economy approach and which includes the establishment of a knowledge center and a regional complex for carbon capture, use and storage.

The meeting touched on the importance of exchanging experiences in the field of reducing greenhouse gas and methane emissions, and benefiting from the Kingdom’s experience in the liquid fuel displacement program.

The two sides reviewed the developments in the global oil markets, stressing the importance of working collectively within the framework of the OPEC+ agreement, and underlined their countries’ commitment to the organization’s decision, which extends to the end of 2023.
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