RIYADH: A framework agreement between Saudi Arabia and Mauritania aims to explore potential and promote the exchange of experience in the areas of power, clean hydrogen, and renewable energy.
The memorandum of understanding was signed during the just-completed World Economic Forum Special Meeting in Riyadh, wherein Mauritania’s Minister of Petroleum, Mines, and Energy, Nany Ould Chrougha, and Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, met. According to the Saudi Press Agency, the MoU covers sharing knowledge and looking into joint venture possibilities in renewable energy industries like solar, wind, waste-to-energy, and geothermal energy.
Additionally, the agreement emphasizes using development and improvement projects to raise the power system’s dependability and security. Additionally, the deal entails investigating opportunities for cooperative project development, knowledge transfer in the electrical and renewable power sectors, and possible collaborative ventures in the energy and clean hydrogen domains. These seek to develop and apply cleaner fossil fuel technologies, reducing environmental impact through the best possible techniques and approaches. This covers projects like improving the efficiency of energy production and consumption as well as the separation, capture, storage, and utilization of carbon dioxide.
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