Saudi Arabia Signs Energy Cooperation Deals With Egypt, Kuwait & Qatar

Saudi Arabia has signed three memoranda of understanding with Egypt, Kuwait and Qatar to expand cooperation across oil, gas, electricity, renewable energy and other energy-related fields.

The Egypt agreement focuses on crude oil, petroleum products and natural gas, including trade, transport, storage and distribution, alongside related infrastructure and logistics. It also covers petrochemical investment, energy market integration and supply chain resilience, as well as the exchange of Saudi expertise in fuel station operations and opening the liquefied petroleum gas sector to competition.

The agreement with Kuwait covers electricity and renewable energy, including grid interconnection, power exports, energy efficiency, storage and smart grids. It also includes digital transformation, cybersecurity, artificial intelligence and cooperation on climate-related technologies, including Circular Carbon Economy solutions.

Cooperation with Qatar spans oil and petroleum products, gas, refining, petrochemicals, electricity, clean hydrogen, renewables and storage. The two countries will also explore joint infrastructure and pipeline projects, sustainable petrochemical materials and coordination in international forums focused on energy transitions and climate change.

The agreements were signed in Riyadh by Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources, alongside Kuwait’s Minister of Electricity, Water and Renewable Energy Dr Subaih Abdulaziz Abdulmohsen Al-Mukhizim, Qatar’s Minister of State for Energy Affairs Saad bin Sherida Al-Kaabi and Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi.