Monday, 24 Feb 2020

Minister of Energy Signs 4 MoUs on Renewable Energy, Petrochemicals, Mining with the Pakistani Side

Riyadh, Minister of Energy, Industry and Mineral Resources Eng. Khalid bin Abdulaziz Al-Faleh signed memoranda of understanding (MoUs) with the Pakistani side, related to various relevant fields, during the current visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Vice President of the Council of Ministers and Minister of Defense.

Four memoranda were co-signed, in the domain of energy and mining, the first worth SR 22.5 billion and another in the domain of renewable energy, that worth SR 7.5 billion.

The third was related to the refining and petrochemicals sector, worth SR37 billion.

Meanwhile, the fourth co-signed was on funding LNG project to secure Pakistan fuel supplies, including power generation, worth SR1.2 billion.

Source: Saudi Press Agency

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