Cyprus and Saudi Arabia Sign Energy Cooperation Memorandum

During a working visit to Riyadh for energy week, Cyprus Energy Minister Michael Damianos and Saudi counterpart Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud signed a memorandum of cooperation. The agreement outlines collaboration in key energy sectors, including oil, natural gas, renewable energy resources, electrical interconnections and digital transformation. It also covers the development of related products, services and supply chains, and the promotion of synergies between governments and energy companies. Implementation will involve exchanging information and know‑how, organising joint actions, and establishing a joint technical group to coordinate and monitor progress. The memorandum signals a strategic partnership aimed at enhancing both countries’ energy capabilities and market integration.