Saudi Arabia, France to Cooperate on Clean Hydrogen, Renewable Energy

  • Date: 29-Oct-2022
  • Source: Asharq AL-awsat
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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Saudi Arabia, France to Cooperate on Clean Hydrogen, Renewable Energy

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz reiterated on Friday the need to increase the stability of the global oil market, during a video call with French Minister for Energy Transition, Agnes Pannier-Runacher.

Saudi Arabia and France are seeking to increase cooperation in clean hydrogen and renewable energy.

The two ministers pointed to the need to strengthen bilateral relations and to ensure security and energy supplies to global markets, noting that Riyadh would remain a reliable partner in crude oil supplies to France.

The two officials discussed cooperation in the field of clean hydrogen and renewable energy, in which French companies actively engage, in addition to the bilateral agreement for the peaceful uses of nuclear energy, which was signed by the two governments in February 2011.

The two sides emphasized the importance of working on opportunities in the electricity sector, energy efficiency, innovation, decarbonization technologies, and other areas of mutual interest.

According to information released on Friday, bilateral relations between Saudi Arabia and France are witnessing growth at the political, economic, cultural and defense levels.

The two countries have agreed on the need to study opportunities for developing the production of clean hydrogen in Saudi Arabia, to facilitate the transition to economies free of