S'abonner

France Strengthens Strategic Energy Partnerships with Saudi Arabia

Several agreements have been concluded between French and Saudi companies in renewable energy, waste management, and technological innovations, consolidating diplomatic and economic relations between the two nations.

Share:

Saudi Arabia, a key player in the global energy market, is intensifying its economic diversification efforts by collaborating with French companies. During a visit to Riyadh, President Emmanuel Macron highlighted France as a reliable partner in this energy and economic transition.

Renewable energy is at the heart of these partnerships. EDF Renewables, in collaboration with a Chinese company, will lead the construction of two solar power plants with a capacity of 1,000 and 400 megawatts. Meanwhile, TotalEnergies, partnered with a Saudi company, will carry out a 300-megawatt solar plant project planned for 2026. These initiatives are part of Saudi Arabia’s renewable energy program aimed at reducing dependence on oil and diversifying the energy mix.

Strategic Partnerships and Waste Management

The waste management sector also figures among the priorities of this bilateral cooperation. Veolia, through a partnership with Saudi Investment Recycling Company (SIRC), will participate in the management of the kingdom’s industrial and household waste. Suez, on its side, will invest one billion euros over 25 years in infrastructure dedicated to medical and municipal waste treatment, including an incinerator capable of processing one-third of Riyadh’s waste.

Strengthening Military and Technological Cooperation

On the military front, progress in discussions around the sale of Rafale fighter jets was confirmed by Emmanuel Macron, marking a turning point in the strategic relationship between the two countries. Additionally, in the field of innovation, Aramco has partnered with French start-ups such as Pasqal and Mistral AI to explore applications in quantum research and artificial intelligence.

Port Development and Cultural Cooperation

In the infrastructure sector, CMA CGM will collaborate with the Saudi Ministry of Investment to develop port terminals and logistics platforms. Furthermore, a notable cultural agreement commits Saudi Arabia to invest 50 million euros in the renovation of the Pompidou Center, illustrating a willingness to cooperate beyond energy issues.

These agreements reflect the evolution of diplomatic relations between France and Saudi Arabia, in a context where energy, innovation, and economic development take center stage.

  • Populaires ​
Carbon2Nature and Uría Menéndez launch reforestation of 90 hectares in Salamanca
MN8 Energy raises $575mn with Natixis CIB to strengthen its US solar debt
Angola Opens a New Gas Chapter with the Discovery of the Gajajeira Field
TNB, Petronas and Terengganu Inc launch green hydrogen hub and hybrid solar in Malaysia
Occidental Petroleum reduces production in the Gulf of Mexico in the second quarter
European Commission Warns on Chinese Competition, International Agencies Respond
Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.
EBRD Lends €400 Million to Moldova to Secure Energy Supply
The European Bank for Reconstruction and Development lends €400 million to JSC Energocom to diversify Moldova's gas and electricity supply, historically dependent on Russian imports via Ukraine.
BRICS Launch Their Own Climate Finance Framework and Reject CBAM
BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.
The European Union creates a strategic alliance to secure critical chemical supplies
The European Commission is launching an alliance with member states and industrial players to secure the supply of critical chemicals, amid growing competition from the United States and China.
Russia-Saudi Arabia trade increases by 60% to USD 3.8 billion
Trade between Russia and Saudi Arabia grew by over 60% in 2024 to surpass USD 3.8 billion, according to Russian Minister of Industry and Trade Anton Alikhanov, who outlined new avenues for industrial cooperation.
BRICS Advocate for Energy Market Stability Amid Sanctions
Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.
Iran: Oil Dependence Limits Alliances with Moscow and Beijing
Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.
Egypt strengthens energy cooperation with six Chinese groups at Shanghai summit
Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.
Hormuz Threat: Producing Countries Face an Imminent Diplomatic Crisis
The potential closure of the Strait of Hormuz places Gulf producers under intense pressure, highlighting their diplomatic and logistical limitations as a blockage threatens 20 million daily barrels of hydrocarbons destined for global markets.
Hungary and Slovakia jointly oppose European ban on Russian energy
Budapest and Bratislava jointly reject the European Commission's proposal to ban Russian energy supplies, highlighting significant economic risks and a direct threat to their energy security, days ahead of a key meeting.
Libya Denounces Greek Oil Exploration off the Coast of Crete
Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
Hungary firmly opposes European plan on Russian energy
Hungary, supported by Slovakia, strongly expresses opposition to the European Commission's plan to phase out imports of Russian energy resources, citing major economic and energy impacts for Central Europe.
Israel strikes Natanz: underground facilities intact according to IAEA
Israeli military strikes on Iran's Natanz nuclear site destroyed critical electrical infrastructure but did not reach strategic underground facilities, according to the International Atomic Energy Agency (IAEA).
Macron presents a united European front in Greenland amid US ambitions
The French president travels to Nuuk on 15 June to support Greenlandic sovereignty, review energy projects and respond to recent US pressure, according to the Élysée.
visite souveraineté arctique Macron
Kazakhstan selects Russia and China for its first nuclear power plants
Kazakhstan has selected Rosatom and China National Nuclear Corporation to build two nuclear power plants totaling 2.4 GW, a decision following a favorable referendum and coinciding with Xi Jinping’s upcoming strategic visit.
Israel strikes Iran, uncertainty over US nuclear negotiations in Oman
Israeli strikes against Iranian nuclear sites disrupt US-Iranian talks on the nuclear deal. Tehran now considers canceling the upcoming negotiation round in Oman, heightening regional economic concerns.
Israel Strikes Iranian Nuclear Facilities After Critical Uranium Enrichment Levels
Facing alarming breaches of uranium enrichment thresholds by Iran and explicit existential threats, Israel launches targeted military strikes against Iranian nuclear infrastructure, escalating regional tensions dramatically.
Putin proposes mediator role between Washington and Tehran over Iran’s nuclear issue
The Kremlin has confirmed that Vladimir Putin aims to help resolve the nuclear dispute between the United States and Iran, leveraging strengthened strategic ties with Tehran.
South Korea Accelerates Energy Diplomacy Amid Growing Geopolitical Tensions
President Lee Jae-myung adopts an energy diplomacy rooted in national interest, amid a complex international landscape of rivalries that could create challenging situations for the country and its energy businesses.
France and Poland align on investment priorities in electricity networks
Paris and Warsaw held a bilateral workshop in Warsaw to strengthen coordination on electricity infrastructure investments and supply security under the Nancy Treaty.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING