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Qatar and Saudi Arabia forge energy cooperation
Qatar and Saudi Arabia signed a memorandum of understanding to enhance cooperation in the energy sector, including oil, gas, refining, petrochemicals, electricity, clean hydrogen, and renewable energy. Areas of collaboration encompass energy efficiency, storage, the construction of pipelines for oil and gas transportation, and the use of sustainable petrochemical materials. The agreement also emphasizes technologies for reducing emissions and addressing climate change, such as carbon capture and storage, as well as coordination in negotiations and international organizations concerned with energy transition and climate change. The memorandum will enter into force after completing the legal procedures in both countries.
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