Saudi Energy Minister, French Senate Delegation Discuss Future Project Opportunities
Saudi Energy Minister Prince Abdulaziz Bin Salman met on Monday with a delegation from the French Senate, headed by Senator Jean-Marie Bockel, Chairman of the French-GCC Friendship Committee.
The meeting discussed means of enhancing the distinguished historical relationship between Saudi Arabia and France, and investment opportunities in the fields of energy, industry, climate, and technology.
Both sides also discussed opportunities for future projects in the field of energy.
They also held talks on the peaceful civilian nuclear program, the Kingdom intends to implement, and the relations linking the Kingdom with several French bodies, including those in the French private sector such as Total.
Measures to address the growing pressures on the environment in general, including the Kingdom's efforts to reduce and recycle associated carbon dioxide emissions, were also discussed during the meeting.
Saudi Arabia has also introduced the concept of the low-carbon circular economy, in a framework within which carbon emissions from all sectors and all types of greenhouse gases are addressed.
These initiatives reflect the Kingdom’s efforts to implement its national commitments under the Paris Agreement and the importance of proposing comprehensive and balancing solutions, such as reducing greenhouse gas emissions and adapting to the negative impacts of climate change.
In this context, the French side was briefed on what Riyadh is doing to support and encourage innovation and invention in the field of energy to achieve high-efficiency systems, without being bias to any of its sources.
Regarding the threat posed on the security of energy supplies, especially what happened as a result of the blatant attacks on some Saudi Aramco installations, the French side expressed its admiration for the Kingdom’s ability to face such challenges by regaining its ability to restore production and balance in a short period of time.