Business · Energy & Commodities · 7 hrs ago

Saudi Arabia presents Riyadh as a global centre of energy security

Saudi Arabia presents Riyadh as a global centre of energy security

At the 25th World Petroleum Congress in Riyadh, Saudi officials emphasized the kingdom’s role in energy security.

Energy Minister Prince Abdulaziz bin Salman said Saudi Arabia works to balance markets and meet its commitments, in line with its Vision 2030 goals.

The account links this role to Saudi policies and continued investment in energy and supply systems.

Aramco chief Amin Nasser said the company’s infrastructure, staff and export options helped it keep supplies moving during a crisis.

Saudi Arabia also made its roads, ports, airports and supply chains available to countries in need, according to the account.

Nasser said global demand for oil liquids is expected to rise by about 2.4 million barrels a day in 2027.

The officials’ remarks underscore the importance of reliable energy supplies to producers and consumers, while the account gives no further next steps.

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What people are saying

Prince Abdulaziz bin SalmanSaudi energy minister
We do not fear, we are determined, and we will prove that to the whole world; we will overcome everything we face
via Al Eqtisadiah
Riyadh has become, without question, the capital of energy security in the world
via Al Eqtisadiah
Amin NasserAramco chief
Aramco enjoys an exceptional advantage in flexibility, resilience and endurance, which has come as a result of decades of investment and preparation
via Al Eqtisadiah