Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz put his signature to four energy cooperation memoranda of understanding in Riyadh today, with ministers from Mongolia, Tanzania, Cyprus and Mauritius. The agreements were concluded on the sidelines of the 25th World Petroleum Congress (WPC Energy Congress), which the Kingdom is hosting until October 15 under the theme “Pathways to an Energy Future for All.”

The MoU with Mongolian Deputy Prime Minister Togmid Dorjkhand spans oil, gas and derivatives, refining, petrochemicals, electricity and grid interconnection, renewables, energy efficiency and storage, and climate mitigation solutions such as the Circular Carbon Economy. It also takes in digital transformation, cybersecurity and AI in the energy sector, partnerships to secure energy supply chains, and support for companies delivering large-scale power and renewable projects in both countries.

With Tanzania's Minister for Energy Juma Zuberi Homera, the focus is on refined petroleum product supplies and related infrastructure, liquefied natural gas opportunities, know-how in oil and gas exploration and petrochemical production, as well as clean cooking solutions, the Oil Sustainability Program and transport and fuel infrastructure.

The agreement with Cyprus's Minister of Energy, Commerce and Industry Michael Damianos sets a cooperation framework that adds clean hydrogen and its derivatives to oil, gas, power and renewables. It also commits both sides to advancing shared priorities in multilateral negotiations, including under the UN Framework Convention on Climate Change, the Paris Agreement and the international legally binding instrument on plastic pollution.

A similar MoU was signed with Mauritius's Minister of Foreign Affairs, Regional Integration and International Trade Dhananjay Ramful, covering oil and gas, clean hydrogen, renewables, digital transformation and cybersecurity, sustainable petrochemical materials in construction, and infrastructure to expand energy access.