His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, the Saudi Minister of Energy, held an important meeting in Riyadh with His Excellency Ali Pervez Malik, the Minister of Energy of the Islamic Republic of Pakistan, as part of strengthening the strategic partnership between the two brotherly countries in the vital energy sector.
The meeting included in-depth discussions on a number of topics of mutual interest, with both sides focusing on ways to develop bilateral cooperation in the petroleum sector and ensure its supply—a key area of economic cooperation between the Kingdom and Pakistan. The talks also touched on future sectors, particularly renewable energy and energy efficiency, in addition to exploring joint investment opportunities available to companies in both countries.
Dimensions of Saudi-Pakistani cooperation in the field of energy
This meeting comes at a crucial time, reflecting the deep-rooted and historic ties between the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan. The Kingdom has long been Pakistan's primary strategic partner in energy security, with Saudi petroleum supplies playing a pivotal role in supporting the Pakistani economy and meeting its growing energy needs. Experts note that continued coordination between the two countries' energy ministers enhances the stability of regional markets and underscores the Kingdom's commitment to its role as a reliable global energy supplier.
The transition to clean energy and the exchange of experiences
The meeting was not limited to traditional oil and gas issues, but also extended to the future prospects of clean energy. In line with the Kingdom's Vision 2030, which aims to diversify energy sources and reduce carbon emissions, the two sides discussed mechanisms for exchanging expertise in developing projects, policies, and regulations related to renewable energy. Pakistan is a promising market for solar and wind energy projects, opening the door for leading Saudi companies in this field to invest and transfer technical knowledge.
Enhancing investment opportunities and economic integration
The two sides also discussed ways to overcome obstacles to joint investments and to improve energy efficiency, an area in which the Kingdom has a leading role through the Saudi Energy Efficiency Center. These discussions are expected to result in further agreements and implementation programs that will contribute to strengthening Pakistan's energy infrastructure and deepening economic integration between Riyadh and Islamabad, benefiting the people of both countries and reinforcing the existing diplomatic and economic ties.
