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Saudi-British Cooperation to Develop Innovation

General view in Riyadh, Saudi Arabia, June 21 2020. REUTERS/Ahmed Yosri
General view in Riyadh, Saudi Arabia, June 21 2020. REUTERS/Ahmed Yosri
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Saudi-British Cooperation to Develop Innovation

General view in Riyadh, Saudi Arabia, June 21 2020. REUTERS/Ahmed Yosri
General view in Riyadh, Saudi Arabia, June 21 2020. REUTERS/Ahmed Yosri

A Saudi-British meeting held in London concluded on Thursday by agreeing on strengthening cooperation between the two countries in the fields of research, development, and innovation.

The meeting was held between the Chairman of the Board of Directors of King Abdulaziz City for Science and Technology (KACST), the Chairman of the Board of Directors of the Research, Development, and Innovation Development Authority, Eng. Abdullah bin Amer Al-Sawaha, and the Chairman of the Board of Directors of the United Kingdom Research and Innovation Corporation (UKRI), Andrew Stewart McKenzie, and some of the research institution’s officials.

The Saudi delegation’s visit to London comes as part of the Kingdom’s efforts to build international partnerships on research, development and innovation.

The Kingdom seeks to turn the research, development, and innovation sector into a driver for meeting the objectives of Vision 2030.

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Iraq Plans to Raise Oil Production Capacity Above 6 Million bpd by 2029

Construction underway to build a new refinery. Photo: Iraq's Oil Ministry
Construction underway to build a new refinery. Photo: Iraq's Oil Ministry
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Iraq Plans to Raise Oil Production Capacity Above 6 Million bpd by 2029

Construction underway to build a new refinery. Photo: Iraq's Oil Ministry
Construction underway to build a new refinery. Photo: Iraq's Oil Ministry

Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency quoted Iraq's Oil Ministry as saying on Sunday.
Oil Ministry undersecretary Bassem Mohamed Khodeir told the agency that Iraq aims to achieve its target through oil exploration and nationwide drilling activity, pointing to a recent deal with oil major BP to redevelop four Kirkuk oil and gas fields.
Iraq's current oil output stands at about 4 million bpd, Oil Ministry officials say.
It is the second-largest producer within the OPEC+ group comprising the Organization of the Petroleum Exporting Countries and allies including Russia and last month reaffirmed commitment to the group's output agreement. Iraq also said it would present an updated plan to compensate for any previous overproduction.