Saudi Energy Minister Prince Abdulaziz bin Salman has said that "Saudi Arabia and the Emirates are one in terms of future energy."
According to Al-Arabiya Net, Prince Abdulaziz bin Salman said that "Saudi Arabia and the Emirates are trying to increase energy production, stabilize oil refinery capacity and convert gasoline into petrochemicals."
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Prince Abdulaziz bin Salman said that Saudi Arabia and the United Arab Emirates are the largest oil producers in the world. We will be a model country for oil production and will help set the rules for future energy.
Prince Abdulaziz bin Salman said that "Saudi Arabia and the Emirates are taking joint actions regarding oil production and environmental change".
The Saudi Minister of Energy said that "Saudi Arabia and the Emirates are trying to increase their capacity in terms of oil refineries and to increase the capacity to convert oil into petrochemicals."
It should be noted that the Abu Dhabi International Petroleum Conference and Exhibition 'Adbek 2022' has started on Monday, October 31, 2022, which will continue until November 3. Forty ministers and senior officials of the energy sector are participating in it.
According to Al-Ain Al-Akhbariya, the Saudi Minister of Energy said that "Saudi Arabia and the Emirates will prove to be ideal oil-producing countries."
UAE Minister of Industry and Technology Dr. Sultan Al-Jaber said that "investment in hydrocarbons will be reduced to zero percent, which will result in a loss of five million barrels of oil per day."
He said that if investment in hydrocarbons is stopped, the supply of 5 million barrels of oil per day will be affected.
Dr Sultan Al Jaber said that the whole world needs more low carbon energy. The global energy landscape is facing challenges. The global supply chain is weak while the geopolitical situation is more complex than in the past.
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