Cyprus and Saudi Arabia to sign energy cooperation memorandum

Cypriot Energy Minister Michael Damianos is traveling to Riyadh, Saudi Arabia, to participate in the Riyadh Energy Week and attend the 25th World Energy Congress. On Monday, October 12, 2026, Minister Damianos and his Saudi counterpart, Prince Abdulaziz bin Salman, are scheduled to sign a memorandum of understanding aimed at strengthening bilateral energy ties.

The agreement focuses on the exchange of technical knowledge, cooperation in petrochemicals, and the localization of energy products and supply chains. Beyond the bilateral signing, the minister will hold diplomatic meetings with Lebanon’s Energy Minister Joseph Sadi and the forum's secretary general, Jassim Alsirawi. He is also set to consult with Jordan’s Energy Minister, Saleh al-Harabsheh, and participate in a panel discussion regarding the balance between energy security and environmental sustainability.

This initiative follows previous diplomatic efforts established during the tenure of former President Nicos Anastasiades, which initially explored cooperative avenues in electricity and petrochemical industries. Minister Damianos is expected to return to Cyprus on Tuesday evening following the conclusion of his engagements.