A CNPC employee checks carbon capture, utilization and storage equipment at a facility in Liaohe Oilfield, Liaoning province, in June 2022. [Photo/Xinhua]RIYADH -- China's Kunlun Digital Technology and eWTP Arabia Capital signed on Wednesday a memorandum of cooperation in Riyadh to promote the digital transformation of the energy industry in the Middle East and North Africa. Their first project will be launched in Saudi Arabia, according to the agreement. Affiliated to China National Petroleum Corporation, Kunlun Digital is an IT solution provider with more than 20 years of experience in the petroleum and gas industry. The eWTPA is a venture fund based in Saudi Arabia and China backed by the sovereign wealth fund of Saudi Arabia -- the Public Investment Fund.

Source: The North Africa Journal November 24, 2022 17:22 UTC