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The Ministry of Oil organizes a virtual seminar in cooperation with the Saudi Ministry of Energy

13-11-2022

This morning, Sunday, November 13, 2022, the Public Relations Department of the Ministry of Oil organized a virtual symposium entitled (The Circular Economy of Carbon.. A Comprehensive Approach to Emissions Management), in which the Leader of Carbon Management - Ministry of Energy in the Kingdom of Saudi Arabia, Hadi Al-Kinani, lectured and attended by a number of employees Technical and economic affairs in the ministry, as well as attendance from the Kuwait Petroleum Corporation and its subsidiaries, the Environment Public Authority, the Kuwait Institute for Scientific Research, the Ministry of Electricity, Water and Renewable Energy, the Supreme Council for Planning and the Organization of Petroleum Exporting Countries. At the beginning of the symposium, Director of Public Relations and Information at the Ministry of Oil, Sheikha Tamader Khaled Al-Ahmad Al-Jaber Al-Sabah, welcomed the lecturers from the Saudi Ministry of Energy and the guests of the symposium, where she praised the depth of relations between the ministries of oil and energy in the two brotherly countries. She said that Kuwait is implementing a number of major oil projects that aim to reduce carbon emissions based on the principles of a circular carbon economy, and these projects aim to reduce the burning of hydrocarbons, energy efficiency and the transition to clean fuels and renewable energy, stressing that Kuwait is committed to implementing carbon neutrality by 2050. Sheikha Tamader Khaled Al-Ahmad Al-Jaber Al-Sabah added that Kuwait's 2035 strategy will work to enhance the reduction, disposal, reuse and recycling of greenhouse gases, and enact legislation and laws related to reducing emissions and adapting to their negative effects. She praised the great efforts made by the Kuwait Petroleum Corporation and its subsidiaries in completing the Al-Zour Refinery and Environmental Fuel projects, on which Kuwait relies a lot in reducing carbon emissions and exporting petroleum products in accordance with the highest environmental standards to all countries of the world. She stated that Kuwait is moving forward towards the option of exploiting the available resources from renewable energies to the energy mix to contribute to achieving the declared national goals by securing and diversifying energy sources and creating a strong tributary of petroleum sources, stressing that the country is working to raise renewable energy production to about 15%. For his part, Hadi Al-Kinani reviewed the strategy of the Kingdom of Saudi Arabia in the circular economy of carbon, where he said that the Kingdom has great potential for geological carbon dioxide storage throughout Saudi Arabia, as there are several efforts underway to assess the capacity of carbon dioxide sequestration in the western region, and the Kingdom has a large sequestration capacity for CO2 in the Eastern Province, and options for transporting CO2 from the Western Region to the Eastern Region for storage (including pipelines and shipping across the Kingdom) have been evaluated, but significant infrastructure investment is needed. Saudi Arabia is currently classifying the regions as follows: 1. It has very suitable sedimentary basins or continental margins 2. Possible sedimentary basins or continental margins 3. It contains volcanic basalt King Abdullah University of Science and Technology is conducting a study to determine the sequestration capacity of saline aquifers in the Western Region. Saudi Aramco has conducted a detailed assessment to determine the sequestration capacity of basalt formations in the Western Region, and a number of exploratory projects have been implemented to capture and capture the use of carbon dioxide (for example , in industrial applications), and the Kingdom plans to deploy one of the largest CCUS hubs in the world in the Eastern Province with a capacity of 44 million tons annually by 2035. maintaining demand for hydrocarbons by reducing carbon intensity across sectors and developing and deploying CO2 use cases (“reuse”, “recycling”) through local and international partnerships and cooperation and avoiding potential cost penalties in the future (eg, carbon limits tax ) and the export of low-carbon products. Therefore, the Kingdom of Saudi Arabia and the Gulf Cooperation Council countries should act as a catalyst for spreading the carbon economy through the development of carbon capture and storage centers, and the development of the common infrastructure for carbon dioxide and its regulatory environment. Saudi Arabia also has a number of initiatives in the Continuing Education Center in the Kingdom, examples of which are: 1- Carbon sequestration: Launching the first booster oil recovery plant in the Kingdom of Saudi Arabia, sequestering up to 800,000 tons per year in Uthmaniyah. 2- CO2 Capture and Use: Deploying and using one of the largest facilities in the world, capturing and using 0.5 million tons of CO2 annually. 3- Energy Efficiency Program: Launching the Saudi Energy Efficiency Center to adopt and expand the best energy efficiency practices in the Kingdom.