Ministry of Energy Signs Agreements to Promote Sustainable Energy Initiatives

Riyadh:On the sidelines of the 25th WPC Energy Congress, the Ministry of Energy of Saudi Arabia signed a memorandum of understanding with the International Energy Forum (IEF) to enhance cooperation in the energy sector. This event was attended by Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy and Minister of Industry and Mineral Resources.

According to Saudi Press Agency, the Oil Sustainability Program (OSP) also signed a memorandum of understanding with Sierra Leone's Ministry of Energy to improve sustainable energy access, and an agreement with the U.S. Bettering Human Lives Foundation to provide clean cooking solutions using liquefied petroleum gas (LPG).

The MoU with the IEF aims to foster collaboration in clean energy advancements, climate change mitigation, and the implementation of the Circular Carbon Economy (CCE) approach. It also seeks to promote regional and international climate-related outreach and cooperation.

Prince Abdulaziz witnessed the signing of agreements involving OSP, which were represented by CEO Mohammed Al-Tayyar. The MoU with Sierra Leone's Ministry of Energy includes initiatives for renewable energy projects and expanding access to clean cooking solutions. Similarly, the agreement with the U.S. Bettering Human Lives Foundation focuses on strengthening cooperation to develop the LPG market and promote safety and awareness for clean fuel adoption.

These initiatives aim to facilitate increased investment in clean energy solutions, expand LPG ecosystems, and support community-based projects, with a focus on improving quality of life through sustainable practices.

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