en.Wedoany.com Reported - Alexey Kulapin, Director General of the Russian Energy Agency (REA), stated during the "Russia–Saudi Arabia" business dialogue held at the St. Petersburg International Economic Forum (PMEF‑2026) that the two countries have significant potential for cooperation in technology and energy. Over the past decades, their energy relations have evolved into a strategic partnership.

Collaboration within the OPEC+ framework is regarded as a key achievement. Russia and Saudi Arabia, accounting for approximately 25% of global daily oil production, have become a stabilizing force in the global energy market. Over the past decade, the two countries have implemented more than 40 joint investment projects in information technology, transportation, infrastructure, hydrogen energy technology, and petrochemicals.

Saudi Arabia's "Vision 2030" plan creates demand for technological and engineering solutions, in which Russia holds competitive advantages. Promising directions include digitalization of extraction, intelligent oilfield management, industrial artificial intelligence, digital twins, and cybersecurity.

The two countries also share a common stance on energy transition and plan to achieve carbon neutrality by 2060. Kulapin stated that developing relevant technologies is a joint task for Russia and Saudi Arabia, aimed at shaping future markets.

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