The Oil Sustainability Program signs a Memorandum of Understanding with the Saudi Industrial Export Company to achieve sustainable growth in the Energy sector!

Oil Sustainability Program | برنامج استدامة الطلب على البترول |sadirat

To achieve the mutual goal of sustaining energy growth globally, the Saudi Industrial Export Company announces the signing of a Memorandum of Understanding with the Oil Sustainability Program on 1-12-1444 AH corresponding to 19-06-2023 and is valid for three (3) years.

The Oil Sustainability Program aims to achieve a sustainable and reliable market for hydrocarbons across three main sectors: materials, transportation, and utilities; while promoting economically and environmentally advantageous applications of hydrocarbons in an innovative manner. Hence, the Saudi Industrial Export Company seeks to enable both the Company and the Program’s ambitions by harmonizing and implementing joint plans, activities, and initiatives to increase energy access, as well as aligning strategic directions and developing an action plan on specific initiatives and applying them within the limits of the targeted geographical scope of the two parties.

The Program aims to raise the economic and environmental efficiency for hydrocarbons through innovative approaches, encourage the integration between multiple industries, and promote the use of various materials to support the localization of the associated supply chains within the Kingdom of Saudi Arabia.