Saudi Arabia has announced the signing of an agreement with French authorities on the peaceful use of nuclear energy and future opportunities in various energy fields, including renewable energy, clean hydrogen and electricity interconnection.

The pact was signed by Prince Abdulaziz Bin Salman, Minister of Energy, with the visiting French Minister of Foreign Affairs Catherine Colonna at a special ceremony held in capital Riyadh, reported SPA.

The two leaders agreed to work for the establishment of a framework for collaboration in the energy sector.

The MoU encourages co-operation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids, oil and gas and their derivatives, refining, petrochemicals, and the distribution and marketing sectors.

This will further the collaboration in technologies, with an aim to mitigate the effects of climate change, such as carbon capture, utilization and storage (CCUS) in hard-to-abate sectors, and the production of hydrogen, as well as other technological innovations, reported SPA.

The MoU also promotes cooperation in digital transformation, localization of materials, products and services in the energy supply chain, collaboration between companies in the energy sector, joint research in universities, research centers and other forums, as well as building human capacity through training and exchanging of experience in the energy sector.

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