Tanzania and Saudi Arabia sign an MoU to expand cooperation in oil and gas, LNG, electricity, renewable energy and petrochemicals, while promoting technology exchange, investment and energy security.
Tanzania and Saudi Arabia have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation across the energy sector, covering oil and gas, electricity, renewable energy and related industrial activities. The agreement was signed in Riyadh on the sidelines of the 25th WPC Energy Congress, as both countries seek to expand investment opportunities and improve energy security.
Tanzania’s Minister for Energy, Juma Zuberi Homera, signed the agreement with Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman Al Saud. The agreement establishes a framework for cooperation between the two governments and energy companies from both countries.
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Under the MoU, the countries will explore opportunities to secure petroleum supplies through commercial agreements and develop infrastructure for transporting and storing petroleum products. They will also assess investment opportunities linked to liquefied natural gas (LNG) projects and exchange technical expertise in oil and gas exploration and development.
Another area of cooperation involves developing industries that produce petrochemicals and other products derived from oil and gas. The partnership is expected to encourage investment, support knowledge exchange and create opportunities for companies operating across the energy value chain.
The agreement also covers electricity generation, renewable energy and energy efficiency. Both countries intend to exchange technologies and explore solutions to address climate change, including clean cooking initiatives and carbon trading. Additional areas include energy sustainability programmes, the application of artificial intelligence in the energy sector and digital transformation.
Capacity building and the exchange of professional experience are also included in the cooperation framework. These initiatives aim to strengthen technical capabilities and encourage collaboration on energy-related development projects.
The agreement was signed during the 25th WPC Energy Congress in Riyadh, which brings together participants from the international energy industry to discuss future energy pathways and sectoral cooperation. Saudi Arabia has also signed energy cooperation agreements with Mongolia, Cyprus and Mauritius as part of its broader effort to expand international partnerships.
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The Tanzania-Saudi Arabia agreement provides a framework for further engagement in conventional and renewable energy, technology transfer and infrastructure development. Its implementation will depend on follow-up cooperation, commercial arrangements and the development of specific projects between the two countries.