Saudi Arabia Signs Energy MoUs with Four Countries

Saudi Arabia has signed four memoranda of understanding (MoUs) with Mongolia, Tanzania, Cyprus and Mauritius to expand bilateral cooperation across conventional and renewable energy, electricity, clean hydrogen and petrochemicals.

The agreements were signed by Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz in Riyadh on October 12, 2026, on the sidelines of the 25th WPC Energy Congress, which runs through October 15.

The agreements seek to promote investment, technological innovation, energy security and cooperation on climate change mitigation.

The MoU with Mongolia, signed with Deputy Prime Minister Togmid Dorjkhand, covers oil and gas, refining, petrochemicals, electricity, power interconnection, renewable energy, energy efficiency and storage. It also includes cooperation in digital transformation, artificial intelligence, cybersecurity and Circular Carbon Economy technologies.

The two countries will explore strategic partnerships across energy supply chains, promote sustainable petrochemical materials and support large-scale electricity and renewable energy projects.

The agreement with Tanzania’s Minister for Energy Juma Zuberi Homera focuses on refined petroleum product supplies and related infrastructure. It also covers potential cooperation in liquefied natural gas, oil and gas exploration, petrochemical production, electricity, renewable energy and energy efficiency.

Additional areas include clean cooking solutions, climate change mitigation, digital technologies and transport and fuel infrastructure.

The agreement signed with Cyprus’s Minister of Energy, Commerce and Industry Michael Damianos covers oil and gas, refining, petrochemicals, electricity, clean hydrogen and its derivatives, renewable energy, energy efficiency and storage.

It also provides for cooperation on climate change mitigation, cybersecurity and shared international policy priorities under the United Nations Framework Convention on Climate Change, the Paris Agreement and negotiations concerning plastic pollution.

The fourth MoU, signed with Mauritius’s Minister of Foreign Affairs, Regional Integration and International Trade Dhananjay Ramful, covers oil and gas, refining, petrochemicals, electricity, clean hydrogen, renewable energy, energy efficiency and storage.

The agreement also includes Circular Carbon Economy technologies, digital transformation, cybersecurity, sustainable petrochemical materials and energy infrastructure development. It further provides for coordination on international climate change and plastic pollution initiatives.

The four agreements establish frameworks for cooperation across traditional and emerging energy technologies, with an emphasis on investment, infrastructure development, innovation and energy security.