Kazakhstan – Saudi Arabia: Crossroads

  • Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Commentary
  • Date 09 January 2024
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Abstract

On July 23, 2022, official talks occurred between Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud and Kazakhstan’s President Kassym-Jomart Tokayev in Jeddah. During the meeting, the parties confirmed their intention to intensify mutual trade. At the same time, companies in the two countries signed 13 memorandums of understanding (MoUs) in the fields of energy, finance, trade, culture, and sports. In June 2023, another meeting followed between the two countries’ energy ministers, resulting in an agreement to enhance cooperation in the energy sector.

Authors

Zlata Sergeeva

Zlata Sergeeva

Research Associate Zlata leads “The Future of Hydrocarbons in a Carbon-Managed World” project, aimed at estimating the consequences of international carbon regulation… Zlata leads “The Future of Hydrocarbons in a Carbon-Managed World” project, aimed at estimating the consequences of international carbon regulation for hydrocarbon markets, with producers starting to offer carbon-neutral LNG and carbon-neutral oil cargos. Previously, Zlata worked in the Energy Center of the Skolkovo Business School, where she researched natural gas and LNG markets and organized the international Energy Summer School for several hundred participants from all over the world. Later, she joined the Business Strategy Department in NOVATEK, Russia’s leading independent gas producer, where her main focus was on strategic forecasting and international cooperation in LNG, hydrogen and CCUS. Since 2020, Zlata has also been a member of the Future Energy Leaders Programme of the World Energy Council.

Expertise

  • Carbon-Neutral Trade of Hydrocarbons
  • LNG
  • Carbon Markets
  • Hydrogen
  • Energy Policy
  • Energy Transition in Conventional Economies

Publications See all Zlata Sergeeva’s publications

Colin Ward

Colin Ward

Research Fellow Mr. Ward has worked in all aspects of the energy industry from summer jobs on seismic rigs, to designing refineries,… Mr. Ward has worked in all aspects of the energy industry from summer jobs on seismic rigs, to designing refineries, upstream field development, consulting and strategy work, and now high-impact academic analysis of issues facing the energy system. Much of Mr. Ward’s work in recent years has focused on CCUS-related topics including upstream carbon intensity, CO2-EOR, blue hydrogen, hydrocarbon producer strategy in a carbon-constrained world, and blockchain-based carbon tracking and trading.

Expertise

  • Oil Markets
  • Upstream
  • Carbon
  • CCUS
  • Hydrogen
  • Technology
  • Strategy and Consulting

Publications See all Colin Ward’s publications

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