Cyprus’ Energy, Commerce and Industry Minister Michael Damianos is to travel to Riyadh, Saudi Arabia, on Saturday, where he will sign a Memorandum of Understanding (MoU) on energy between the Republic of Cyprus and the Kingdom of Saudi Arabia on Monday, together with the country’s Minister of Energy, Prince Abdulaziz bin Salman Al Saud.
According to an announcement by the Ministry of Energy, Commerce and Industry, Damiano’s visit is taking place as part of Riyadh Energy Week, during which he will also participate in the 17th Ministerial Meeting of the International Energy Forum (IEF17) and the 25th WPC Energy Congress, as well as hold a series of meetings.
‘The signing of the Memorandum on Monday marks a further deepening of energy cooperation between Cyprus and Saudi Arabia and lays the foundations for developing synergies and exchanging expertise on energy issues of mutual interest,’ the announcement said.
According to the announcement, on Sunday, 11 October, Damianos will take part in a discussion at the 17th IEF Ministerial Meeting on investment and trade in sustainable energy solutions for clean, accessible and affordable energy. On the same day, the Minister is to hold separate meetings with Lebanon’s Minister of Energy and Water, Joseph Saddi, and the Secretary General of the International Energy Forum, Jassim Alshirawi.
On Monday afternoon, following the signing of the Memorandum, Damianos is set to meet with Jordan’s Minister of Energy and Mineral Resources, Dr Saleh Al-Kharabsheh. In the afternoon, he will speak on a panel at the 25th WPC Energy Congress on balancing priorities within the framework of the ‘Energy Trilemma’, which concerns the simultaneous achievement of energy security, affordability and environmental sustainability, it said.