Minister of Energy: KSA is Working to Achieve Sustainable Development
Minister of Energy Prince Abdulaziz bin Salman reaffirmed that Saudi Arabia is exerting all efforts to abide by its commitments to achieve zero carbon emissions at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC).
In his speech at the 38th edition of ADIPEC, Prince Abdulaziz bin Salman said: “Saudi Arabia and UAE are members in a number of initiatives to find solutions to climate change, and are working to achieve sustainable development through a number of important projects.”
Prince Abdulaziz bin Salman stressed the need to harness existing investments and technologies to achieve the goals they aspire to accomplish in the future.
He also added: "We are working to achieve sustainable development through a number of important projects. What is happening today will never prevent us from focusing on the future, and we will work together to achieve our aspirations."
Prince Abdulaziz bin Salman expected that stopping investment in hydrocarbon resources would lead to the market losing annual production at a rate of five million barrels of oil per day from the current supplies due to the natural decline in the production capacity.
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