Saudi Arabia, Greece Study Supplying Europe With Energy

Crown Prince Mohammed bin Salman and the Greek Prime Minister at the Acropolis Museum (AP)
Crown Prince Mohammed bin Salman and the Greek Prime Minister at the Acropolis Museum (AP)
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Saudi Arabia, Greece Study Supplying Europe With Energy

Crown Prince Mohammed bin Salman and the Greek Prime Minister at the Acropolis Museum (AP)
Crown Prince Mohammed bin Salman and the Greek Prime Minister at the Acropolis Museum (AP)

Saudi Arabia and Greece began working on strategic cooperation on several issues of joint interest, including electricity generation through renewable energy and exporting electricity produced by renewable energy to Greece and Europe.

The two countries also agreed on cooperation in clean hydrogen, including low-carbon and green hydrogen, and its transfer to Europe.

The two countries issued a joint statement at the end of Crown Prince Mohammed bin Salman's two-day visit to Greece.

The statement highlighted the importance of the memorandum of understanding signed between the two countries in the energy field. It also lauded the formation of a joint technical team in electrical interconnection and exporting electricity to Greece to make the necessary studies and start implementation accordingly as soon as possible.

The two sides agreed to enhance cooperation in the circular carbon economy approach and its technologies such as carbon capture, reuse, transfer and storage, and carbon direct air capture to reduce the effects of climate change.

They also agreed on cooperation in energy efficiency and the transfer of knowledge, experiences, and best practices in innovation and emerging technologies such as artificial intelligence in the energy sector and the development of clean technologies to use hydrocarbon resources in various applications in the industrial and construction fields.

Regarding climate change issues, the two sides stressed the importance of adhering to the Framework Convention on Climate Change principles and the Paris Agreement.

They asserted the necessity to develop and implement climate agreements by focusing on emissions without sources.

Greece also praised the Saudi Green Initiative and Middle East Green Initiative, expressing its support for Saudi Arabia's efforts in the climate change field and reducing emissions.

Saudi Arabia welcomed Greece's ambitious green agenda, especially the islands' green economy initiative.

The two countries agreed to boost their cooperation regarding the trade exchange of crude oil, petroleum products, and petrochemicals.

The two sides agreed to enhance multi-dimensional cooperation in defense and security based on the results achieved within the framework of the bilateral comprehensive military cooperation agreement that was signed during this visit.

The agreement provides a comprehensive framework for establishing more cooperation in defense to enhance security and stability in both countries and the entire region.

The statement stressed the importance of enhancing economic cooperation between the two countries by aligning the objectives of Vision 2030 and the Greek National Recovery and Resilience Plan (Greece 2.0).

They also affirmed their keenness to support investment integration opportunities between the two countries in several sectors of common interest.

The two sides praised the signing of the agreement to encourage and protect mutual investment in their belief in the private sector's vital role in achieving the ambitious investment programs.

The two sides renewed their determination to encourage investment partnerships between the private sectors in the two countries, enhance joint work and coordination by providing facilities, and find solutions to any challenges the private sector may face by strengthening investment and trade exchange.

They highlighted the fruitful results of the 5th session of the Saudi-Greek Joint Committee in Athens in May 2022, the Saudi-Greek Business Council, and the results of the Saudi-Greek Investment Forum in May 2022 in Athens.

During the visit, they praised the round table meeting between the Saudi and Greek companies.

The two sides welcomed the signing of several agreements and MoUs between the private sectors, amounting to about SR14 billion in energy, renewable energy, infrastructure, tourism, maritime transport and logistics, communications and information technology, health care, and food.

The two sides welcomed the signing of a data cable project agreement to strengthen the infrastructure for data transmission between Asia and Europe.

Later, Crown Prince Mohammed bin Salman attended the dinner banquet hosted by Greek Prime Minister Kyriakos Mitsotakis at the Acropolis Museum in Athens.

The Crown Prince and the Greek Prime Minister witnessed the signing of a memorandum of understanding between the two countries for cooperation in the cultural field.

The Crown Prince toured the Acropolis Museum and was briefed on its contents of archeological and historical antiquities and artifacts.



Iranian Official to Asharq Al-Awsat: Committed to Peace and Stability with Saudi Arabia

Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
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Iranian Official to Asharq Al-Awsat: Committed to Peace and Stability with Saudi Arabia

Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)
Iranian Deputy Foreign Minister Majid Takht Ravanchi (Reuters)

Iranian Deputy Foreign Minister Majid Takht Ravanchi reaffirmed Iran and Saudi Arabia’s mutual determination to establish lasting peace and stability in the region.
Speaking to Asharq Al-Awsat during his visit to Riyadh, Ravanchi emphasized that achieving this goal requires sustained bilateral and regional cooperation to address current threats and build a foundation for prosperity and security.
During his meetings with the Saudi Vice Minister of Foreign Affairs, Eng. Waleed ElKhereiji, Ravanchi discussed strengthening bilateral relations in political, economic, and consular fields, and explored key regional and international issues.
He described Saudi-Iranian efforts as a “successful model of bilateral and multilateral cooperation,” aimed at fostering peace, security, and development on both regional and international levels. Ravanchi underscored the importance of historical ties and the principle of good neighborliness as the basis for advancing this relationship.
Following the second meeting of the Saudi-Chinese-Iranian trilateral committee in Riyadh, both Saudi Arabia and Iran reiterated their full commitment to implementing the Beijing Agreement, according to a statement by the Saudi foreign ministry. The accord, mediated by China, aims to restore diplomatic ties and promote mutual respect for sovereignty and security in accordance with the principles of the UN Charter, the Organization of Islamic Cooperation (OIC), and international law.
China praised the progress achieved since the agreement’s signing, including the reopening of embassies and increased bilateral engagement. It pledged to continue supporting Saudi-Iranian efforts to deepen their cooperation and maintain regional stability.
Ravanchi, who previously served as Iran’s ambassador to the United Nations and was a member of the Iranian nuclear negotiating team with the P5+1, described the atmosphere of the meetings as “cordial and transparent.” He added that the three nations exchanged views on topics of mutual interest and stressed the importance of continuing this “positive and forward-looking process.” He also revealed “constructive and friendly” meetings held by the Iranian delegation with their Saudi hosts and Chinese counterparts, during which they discussed enhancing bilateral and trilateral cooperation and reviewed developments in relations over the past year.
One significant development has been the improvement in consular services. Over 87,000 Iranian pilgrims performed Hajj, and more than 52,000 completed Umrah in the past year, demonstrating enhanced coordination. Additionally, the first meeting of the Saudi-Iranian Joint Media Committee and the signing of an MoU between Saudi Arabia’s Prince Saud Al-Faisal Institute for Diplomatic Studies and Iran’s Institute for Political and International Studies further strengthened institutional ties.
The trilateral meeting also tackled pressing regional challenges, particularly the Israeli-Palestinian conflict. The participants condemned Israel’s aggression in Palestine, Lebanon, and Iran, calling for an immediate cessation of hostilities and the continuation of humanitarian aid to affected regions. They warned that ongoing violence poses significant risks to regional and global security, including threats to maritime safety.
On Yemen, the parties reiterated their support for a comprehensive political solution under United Nations auspices. They emphasized the importance of dialogue and diplomacy to achieve lasting peace in the war-torn country.
Saudi-Iranian relations have undergone a remarkable transformation since the signing of the Beijing Agreement. The reopening of embassies, including Iran’s embassy in Riyadh in June after a seven-year hiatus, marked a turning point in their ties.
Iranian Deputy Foreign Minister for Consular Affairs Alireza Bigdeli described the day as a “historic milestone” in Saudi-Iranian relations. He expressed confidence that the renewed relationship would reach its peak, emphasizing that the restoration of ties between Iran and Saudi Arabia opens a new chapter in bilateral and regional relations, aimed at greater cooperation and stability.