According to Arab News, Saudi Arabia and the United States are preparing to sign a preliminary agreement focused on energy cooperation and the peaceful use of nuclear technology. The announcement came from US Energy Secretary Chris Wright during a press conference in Riyadh, where he highlighted the growing partnership between the two nations.
The agreement is expected to set the stage for deeper collaboration on developing a commercial nuclear energy industry in Saudi Arabia. Wright confirmed that a formal “123 Agreement,” which governs nuclear cooperation between the US and other nations, would be signed later this year. He emphasized that this long-term partnership will see US technologies and expertise playing a key role in Saudi Arabia’s energy transformation.
Wright praised the Kingdom’s commitment to energy efficiency and its ambitious plans to diversify energy sources, including solar and nuclear power. He noted that Saudi Arabia’s abundant sunshine offers an excellent opportunity for solar development, while its natural resources—such as uranium—make it a strong candidate for nuclear energy production.
In addition to nuclear energy, the discussions between the two countries included cooperation in mining critical minerals, industrial development, and tackling climate change. Wright expressed appreciation for the hospitality extended by Crown Prince Mohammed bin Salman and Energy Minister Prince Abdulaziz bin Salman, saying the meetings focused not only on policy but on improving lives and building a sustainable future.
The energy secretary also spoke about economic strategies in the US, particularly under former President Donald Trump’s administration. He explained that tariffs were part of a broader plan to promote fair and balanced trade, ensuring that American goods had equal access in global markets. Wright mentioned the loss of energy-intensive industries in the US over recent decades and stressed the importance of bringing manufacturing jobs back home.
He expressed optimism about Saudi investment in the United States, saying it would create job opportunities and lower consumer costs—benefiting the American working class. Wright believes such cooperation represents a win-win for both countries.
When asked about oil prices, Wright didn’t offer predictions but voiced confidence that energy costs could decrease under the right leadership. He criticized the rising prices and limited energy growth under the current US administration, arguing that expanding supply would help lower costs for everyday Americans.
Wright also challenged negative views about global energy demand, saying energy consumption should not be seen as a problem. He believes that expanding energy access leads to greater prosperity and quality of life, especially in developing regions.
Concluding his remarks, Wright underscored that energy development is a long-term process that requires careful planning and investment. He said that strong cooperation between the US and Saudi Arabia could unlock economic growth and shared progress—both regionally and globally.
