Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and his Kazakh counterpart, Almasadam Satkaliyev, have signed an executive program for cooperation between the Saudi and the Kazakh governments under the memorandum of understanding the two countries signed in June 2023.
The MoU covers energy sectors, including oil, natural gas, their derivatives, petrochemicals, electricity, clean hydrogen, renewables, energy efficiency, and storage.
The program, which was signed in the presence of Kazakhstan President Kassym-Jomart Kemeluly, 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 aimed 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 Saudi and Kazakh companies in various related fields.
