RIYADH: Saudi Arabia and Jordan on Thursday signed an agreement to increase cooperation in the energy sector.
The deal serves as a blueprint for harmonizing their shared objectives and interests. It seeks to promote collaboration across diverse energy sectors, spanning petroleum, gas, electricity, renewable energy, energy efficiency, and petrochemicals.
Energy Minister Prince Abdulaziz bin Salman and his Jordanian counterpart Saleh Ali Al-Kharabsheh signed the pact in Riyadh, the Saudi Press Agency reported.
Additionally, the deal underscores joint efforts in developing circular carbon economy and associated technologies, with the overarching goal of mitigating the impacts of climate change.
The agreement encompasses enhancing cooperation in digital transformation and innovation in the energy sector.
According to SPA, it involves working on developing qualitative partnerships between the two parties to localize materials, products, and services associated with all energy sectors and supply chains.
Jordan’s Ministry of Energy and Mineral Resources aims to establish the country as a regional hub for the production and export of green hydrogen as part of its ongoing national strategy.
A blueprint for the country’s green hydrogen strategy, in which attracting investment for production facilities is considered key, has been drawn up in collaboration with the US Agency for International Development.