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Saudi Arabia, Kazakhstan Sign Cooperation Deal in Renewable Energy, Innovation, Combating Global Warming

07/03/2024 Global events

In the presence of Kazakhstan President Kassym-Jomart Kemeluly, HRH Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and Kazakh Minister of Energy Almasadam Satkaliyev signed an executive program for cooperation between the Saudi and the Kazakh governments under the umbrella of the memorandum of understanding the two countries signed in June 2023, which covers energy sectors, including oil, natural gas, their derivatives, petrochemicals, electricity, clean hydrogen, renewables, energy efficiency, and storage.

 The program aims to implement projects in Kazakhstan in the fields of renewable energy, innovations, and combating global warming, and to promote projects that contribute to achieving the goals, priorities, and commitments of both countries in the fields of energy security and transformations. The program applies to major projects aims at producing and storing energy, including electricity projects, which can effectively contribute to achieving the goals of the two countries.

 The program also contributes to supporting Kazakhstan’s endeavor to achieve its goals and policies in the field of reducing emissions, including achieving carbon neutrality by 2060, in addition to enhancing cooperation between the Saudi and Kazakh companies in various related fields.