ENERGY

Saudi Arabia and US discuss nuclear partnership

Saudi Energy Minister Khalid al-Falih. (File photo: Reuters)

US Secretary of Energy Rick Perry and Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discussed on Monday a wide array of issues, including the potential for US-Saudi civil nuclear engagement.

They also discussed new technologies such as Small Modular Reactors, the state of world oil markets and the status of joint efforts to share technologies to develop clean fossil fuels.

Last year, during the Secretary’s visit to Riyadh, the ministers signed a Memorandum of Understanding (MOU) to establish a framework for mutually beneficial cooperation in the area of clean fossil fuels and carbon management. This MOU outlines an alliance not only in supercritical carbon dioxide, but also in a range of clean fossil fuels and carbon management opportunities to increase energy production in an environmentally responsible way.

Secretary Perry highlighted the strong relationship between the United States and Saudi Arabia, and the Administration’s commitment to maintaining that partnership as a key US ally in the Middle East.

He also stated the Administration’s interest in helping strengthen energy diversity in the region, therefore strengthening energy security and stability.

Saudi Arabia has been seeking a civilian nuclear agreement with the United States.

OPEC and non-OPEC officials will meet later this month to discuss proposals for sharing an oil output increase, after the groups decided in June to boost output moderately.

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Last Update: Wednesday, 12 September 2018 KSA 11:37 - GMT 08:37
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