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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Saudi Arabia: Coordination with OPEC + enhances market stability

    Rocky
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    Saudi Arabia: Coordination with OPEC + enhances market stability Empty Saudi Arabia: Coordination with OPEC + enhances market stability

    Post by Rocky Fri 19 May 2023, 3:53 am

    Saudi Arabia: Coordination with OPEC + enhances market stability
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    Baghdad today - follow-up 
    The Saudi Minister of Energy, Prince Abdulaziz bin Salman, considered coordination with OPEC + countries as a cornerstone of efforts to enhance the stability of oil markets and maintain their balance and security of supplies in a manner that supports the growth opportunities of the global economy.
    He also stressed the Kingdom's interest in cooperating with Arab countries in the field of energy, explaining that it is an "integral part" of its interest in strengthening its relations in its Arab depth in all fields.
    And Prince Abdulaziz bin Salman indicated that this cooperation is embodied in coordination for joint Arab action, and in many projects, programs and initiatives, according to the Saudi Press Agency.
    He explained that the Kingdom signed a number of memorandums of understanding with a number of Arab countries in the energy sector, such as those signed with the Arab Republic of Egypt, the Sultanate of Oman, the Hashemite Kingdom of Jordan, and the Republic of Iraq, which aim to enhance cooperation in the fields of electricity, renewable energy, clean hydrogen, and oil and gas. , petrochemicals, and other fields related to energy.
    He also pointed out that there are also electrical interconnection projects between the Kingdom and the Arab countries, as the Kingdom is connected to all the Arab Gulf countries through the Gulf interconnection, and direct interconnection projects are being implemented between the Kingdom and Iraq, Jordan and Egypt.
     Prince Abdulaziz added that the electrical interconnection projects with the Arab countries aim to enhance the security of the interconnected national networks, their reliability, increase their ability to absorb the entry of renewable energy projects, create a regional commercial market for the exchange and passing of electric energy in order to achieve optimal investment and operation of national generation stations, export renewable energy and connect the Mashreq networks. Arab with its counterparts in the Maghreb.
    The Saudi Minister of Energy affirmed that coordination and cooperation with Arab countries is witnessing continuous communication, whether through coordination councils or joint committees in various fields of energy and related issues, such as exchanging experiences in the fields of electricity, renewable energy, energy production and consumption efficiency, and digital transformation in energy uses and applications. In addition to programs and plans to combat climate change, which include applying the circular carbon economy approach, emission reduction techniques, and others.
    He expressed his hope that the Arab Summit held in Jeddah would be a new opportunity to achieve a greater and more effective breakthrough for cooperation, integration and coordination among Arab countries in all fields.
    Source: agencies
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