Saudi Energy Minister Praises Decarbonization Day’s Achievements

Saudi Arabia’s Minister of Energy Abdul Aziz bin Salman said that Decarbonization Day succeeded in emphasizing the petroleum industry’s efforts in sustainable development.

His remarks came during his participation in a panel discussion with Minister of Petroleum and Mineral Resources Tarek El Molla on Decarbonization Day during COP27.

Bin Salman added that this event highlighted the importance of teamwork in supporting and implementing the commitments towards preserving the environment as well as securing energy supplies to meet sustainable development needs.

Additionally, the two ministers explained the extent of coordination and extended cooperation between the two countries under the political leadership of the two countries and their support for green initiatives that the planet deserves.

The two ministers stressed the commitment of the two countries to implement the pledges of The Paris Agreement and increase work to reduce carbon emissions from fossil fuels.

For his part, El Molla affirmed that African and Middle Eastern countries are fortunate to have diverse sources of energy, whether from fossil fuels or from new and renewable energies pointing to the need of accelerating the development of these resources.

Honeywell Looks Forward to Expanding Its Investments in Egypt

Ben Driggs, Honeywell’s President & CEO of Global High Growth Regions, affirmed that his company is looking forward to increasing its investments in Egypt, especially in emissions reduction, digitalization, hydrogen production, and improving energy consumption efficiency.

He said that during his meeting with the Minister of Petroleum and Mineral Resources, Tarek El Molla, during the Decarbonization Day of the COP27.

Driggs and the accompanying delegate praised the success of the summit and Decarbonization Day. For his part, El Molla stated that working on increasing emission reduction projects within the oil and gas industry will provide new cooperation opportunities with the companies and private sector to come up with modern solutions and technologies in order to achieve these projects.