Syria taps Saudi for energy development: Saudi companies inked six MoUs and an agreement with Syria’s Energy Ministry covering electricity, oil and gas, and renewables as the Kingdom pushes to expand corporate involvement in Syria’s energy sector, according to a statement by the Energy Ministry.

Acwa steps in: Acwa Power signed an agreement with the Syrian Ministry to conduct studies for solar and storage projects of up to 1 GW and wind projects with a capacity of 1.5 GW. The agreement also covers evaluating Syria’s existing power plants, proposing rehabilitation or development options, and conducting technical studies on grid stability.

Oil and gas agreements: Taqa and Ades Holding signed two MoUs on integrated solutions for oil and gas field development and management. Arab Drilling Company inked an MoU covering oilfield services, drilling, maintenance, and technical training. Meanwhile, Arabian Geophysical and Surveying Company signed an MoU for geophysical and geological surveys.

On the electricity front: The Saudi Electricity Company signed an MoU covering power generation, transmission, distribution, and technical consulting. Saudi Electricity Project Development Company signed another MoU focusing on engineering and consulting, as well as power transmission and distribution projects.

REMEMBER- Saudi Arabia and Syria signed an MoU to formalize their energy-sector partnership, covering joint efforts and knowledge exchange in areas of oil and gas and electricity to support Syria’s development.

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