MANILA, Philippines — The Department of Energy (DOE) on Monday began its two-day mission in Saudi Arabia to forge stronger partnerships in the energy sector.
Energy Secretary Raphael Lotilla led the Philippine delegation to the Middle East country during the mission that runs until October 15.
Article continues after this advertisementDuring the DOE mission to Saudi Arabia, a memorandum of understanding (MOU) will be signed between Lotilla and Saudi Energy Minister Abdulaziz bin Salam Al Saud.
FEATURED STORIES BUSINESS National ID gives more Filipinos ‘face value BUSINESS BIZ BUZZ: Unwinding Gogoro … quietly BUSINESS Polvoron maker seeks P500 million capital for expansionThe MOU was initiated by Lotilla during his first stint as energy chief in 2005.
“After 19 years, I am pleased to see the successful conclusion of our negotiations,” the DOE chief said.
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Article continues after this advertisementThe MOU to be signed between the energy chiefs of the two countries aims to enhance cooperation in transitioning to cleaner and more sustainable energy sources, especially in the development and deployment of low-carbon technologies.
Article continues after this advertisement“This could include joint research and development projects, policy exchange, and capacity building in areas such as carbon capture, utilization, and storage (CCUS), and hydrogen,” the DOE said in a statement.
The Philippines’ energy mission to the kingdom is an offshoot of President Ferdinand Marcos Jr.’s participation in the inaugural Association of Southeast Asian Nations-Gulf Cooperation Council Summit in Saudi Arabia in October 2023. (PNA)
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