The Minister of Energy Prince Abdulaziz Bin Salman, who is also chairman of the Supervisory Committee of the Oil Demand Sustainability Program, signed Sunday a memorandum of understanding (MoU) between the program and National Oilwell Varco, to stimulate the gas and oil industry globally. The MoU will support joint cooperation, by raising awareness of polymer-based products, and setting standards to promote and encourage the use of these products locally, regionally and internationally. The MoU, which was co-signed by Clay C. Williams, chairman, president and CEO of National Oilwell Varco on behalf of the company, aims to enhance cooperative efforts between the program and the company to support and encourage the use of non-metallic materials from an environmental and economic aspect, and support Saudi Arabia’s status as a global supplier of petrochemicals, as per the Program’s strategy which relates to development, innovation and sustainability. The minister praised the follow-up and support of Crown Prince Muhammad Bin Salman, deputy prime minister, minister of defense, and chairman of the Supreme Committee for Hydrocarbons, adding that this ambitious program came from the direct keenness of an ambitious person who always seeks to develop the potentials of this country, and aspires to utilize the skills of the Kingdom’s ambitious generation, as this helped to a great deal in approving the program. — SPA