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Saudi Energy Minister, Iraqi Counterpart Discuss Connecting Electricity Grids

The Saudi and Iraqi ministers and their countries' respective delegations meet in Riyadh. (Asharq Al-Awsat)
The Saudi and Iraqi ministers and their countries' respective delegations meet in Riyadh. (Asharq Al-Awsat)
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Saudi Energy Minister, Iraqi Counterpart Discuss Connecting Electricity Grids

The Saudi and Iraqi ministers and their countries' respective delegations meet in Riyadh. (Asharq Al-Awsat)
The Saudi and Iraqi ministers and their countries' respective delegations meet in Riyadh. (Asharq Al-Awsat)

Saudi Minister of Energy Prince Abdulaziz bin Salman and Iraqi Minister of Oil Ihsan Ismail discussed on Thursday connecting their electricity grids.

The ministers explored issues of common interest in various energy fields.

The meeting discussed ways to strengthen cooperation in the energy fields in order achieve shared leadership through the Saudi-Iraqi Coordination Council.

They also discussed the oil market and joint cooperation between their countries to support and maintain market stability and their active role within OPEC+.

Saudi Arabia and Iraq had signed a memorandum of understanding in January to connect their electricity grids.

The agreement aims to share the electricity-generating reserves and exchange electricity between the neighbors for emergency use in case of a power cut.

“We aim to achieve optimal investment in the electrical connection with Iraq,” said Prince Abdulaziz, adding that this project comes within the framework of the Kingdom's Vision 2030 and its executive programs.

“The project came after a study that showed that the linkage provided promising opportunities between the two countries,” he added.

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Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
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Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)

Saudi Arabia is pushing to become a global hub for critical minerals, aiming to be the “Silicon Valley” of mining. At the fourth Future Minerals Forum in Riyadh, the kingdom announced new deals, investment plans, and discoveries.
Industry Minister Bandar Al-Khorayef said Saudi Arabia will explore mineral opportunities across 50,000 square kilometers this year. The Kingdom also unveiled a $100 billion mining investment plan, with $20 billion already in advanced stages or under construction.
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman announced that Aramco has identified “promising” lithium concentrations exceeding 400 parts per million in its operational areas, with lithium production in the kingdom expected to begin as early as 2027.
In line with this, Aramco revealed a joint venture with Saudi Arabian Mining Company (Ma’aden) to explore and produce minerals critical to the energy transition, including extracting lithium from high-concentration deposits.
The latest edition of the Future Minerals Forum brought together over 20,000 participants from 170 countries and featured 250 speakers across more than 70 sessions.
Saudi ministers and international officials highlighted key challenges facing the mining sector, including the need for increased private sector investment, advanced technology, regulatory frameworks, supply chain issues, carbon emissions from production, and a shortage of skilled talent.
In early 2024, Saudi Arabia’s Ministry of Industry and Mineral Resources raised its estimate of the kingdom’s untapped mineral resources from $1.3 trillion to $2.5 trillion, driven by new discoveries.
At last year’s forum, the ministry launched a $182 million mineral exploration incentive program to reduce investment risks, support new commodities, promote green projects, and empower small-scale mining operators.
Additionally, Al-Khorayef launched the Mining Innovation Studio at the Future Mineral Forum 2025.
In his opening remarks, Al-Khorayef stated that the new studio was designed to attract global talent and accelerate cutting-edge technology, in alignment with Riyadh’s vision to become the “Silicon Valley of mining”.
He clarified that the Kingdom is promoting upcoming exploration opportunities across 5,000 square kilometers of mineralized belts in 2025 as it continues its steadfast growth in the mining sector.
Al-Khorayef further noted that the Saudi mining sector is the fastest growing globally, and affirmed that its mineral potential stands at an estimated $2.5 trillion.
He elaborated that the allocation of new exploration sites to tap mineral wealth is part of Saudi Arabia’s efforts to establish mining as the third pillar of the Kingdom’s industrial economy.