[size=36]The Minister of Oil and his Saudi counterpart stress the importance of speeding up the implementation of the electrical interconnection project[/size]
[You must be registered and logged in to see this link.]
Oil Minister Hayan Abdul Ghani and Saudi Energy Minister Abdulaziz bin Salman confirmed today, Friday, commitment to OPEC Plus decisions and strengthening cooperation in the field of energy and electrical interconnection.
A statement by the Ministry of Oil, received by Mawazine News, stated that "Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad visited the Kingdom of Saudi Arabia, in response to an invitation sent by the Saudi Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud. During the visit, a meeting was held between The two sides were chaired by the two ministers, and at its conclusion a joint statement was issued.
He added, "The joint statement stipulated that the two sides discussed issues of common interest in the fields of energy, and agreed to complete work on a number of joint projects of importance in the fields of gas, petrochemicals, electricity, and renewable energy, and to intensify communication between the two sides to discuss more joint opportunities in those fields." fields, and translating them into tangible partnerships, in order to achieve the directions of the leaderships of the two countries and the aspirations of their peoples.
The two sides appreciated the progress made in the electrical interconnection project between the two brotherly countries, and stressed the importance of speeding up the implementation of the project and increasing the capacity of the interconnection line, in the future, to accommodate the aspirations of the two countries in the international electrical interconnection and the export of electric energy.
The two sides also stressed "the importance of enhancing cooperation between the two countries in the fields of electricity and renewable energy, including the operation and maintenance of electrical networks and stations, and cooperation in projects and development of renewable energy stations."
The two sides agreed to "enhance cooperation between the two countries in the field of clean technologies to manage emissions of hydrocarbons, within the framework of the initiatives emanating from the "Green Middle East" initiative, which is based on the circular carbon economy approach, which includes the establishment of a knowledge center and a regional complex for carbon capture, use and storage. with the aim of managing and reducing emissions to combat the effects of climate change.
The two sides stressed "the importance of exchanging experiences in the field of reducing greenhouse gas emissions, including carbon, reducing methane gas emissions, reducing gas burning in flares, and benefiting from the Kingdom's experience in the liquid fuel displacement program."
The statement continued, "The two sides reviewed developments in the global oil markets," stressing "the importance of working collectively within the framework of the OPEC Plus agreement, and the commitment of their countries to the recent decision of the OPEC Plus group, which extends to the end of 2023 AD, and which was supported by the member states of OPEC Plus." In addition to the possibility of taking other measures to ensure the achievement of balance and stability in global markets, if the need arises.