Arab News, Saturday, Aug 20, 2022 | Muharram 22, 1444
Saudi Arabia, Uzbekistan sign agreement in the energy field
Saudi Arabia: Saudi Arabia’s
Ministry of Energy signed a memorandum of understanding with its Uzbek
counterpart on August 18, to develop cooperation and exchange information and
experiences between both countries, in the energy field, Saudi Press Agency
reported.
This comes on the second day of the Saudi-Uzbek
Business Council in Jeddah, that was held on the sidelines of the visit of the
Uzbek President Shavkat Mirziyoyev to the Kingdom.
This deal covers the areas of petroleum, gas,
electricity, renewable energy, energy efficiency, petrochemicals, and hydrogen.
It also includes the circular carbon economy and
its technologies with the aim of limiting the effects of climate change, such as
carbon capture, reuse, transport and storage.
Saudi Arabia and Uzbekistan have already signed
over 10 investment agreements, worth over SR45 billion ($12 billion), on
Wednesday, covering different sectors.