Riyadh, Brasilia Ink Energy Collaboration Deal
Energy collaboration between Saudi Arabia and Brazil is poised to strengthen after a key agreement was inked during the visit of the president of the South American country to the Kingdom.
The deal aims to establish a comprehensive framework for cooperative efforts across various fields, including oil and gas, petrochemicals, and electricity. It will also cover renewable energy, hydrogen, energy efficiency, and the carbon cycle economy.
According to the Saudi Ministry of Energy, Crown Prince Mohammed bin Salman and Brazil’s President Luiz Inacio Lula da Silva attended the agreement signing at the Al-Yamamah Palace in Riyadh.
The deal was signed by Saudi Minister of Energy Prince Abdulaziz bin Salman and Brazilian Minister of Mining and Energy Alexandre Silveira.
Source: ArabNews
