Saudi Arabia Calls For Flexibility In Energy Transition

RIYADH, Saudi Arabia – The transition away from fossil fuels towards clean energy is complicated and the world needs to be flexible to avoid sacrificing energy security, Saudi Arabia’s energy minister said on Wednesday. Prince Abdulaziz bin Salman al – Saud also told a mining conference in Saudi Arabia, the world’s biggest exporter of crude oil, … More Saudi Arabia Calls For Flexibility In Energy Transition

Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

PARIS, France – Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000 – 600,000 barrels per day (bpd), adding that the world was now waking up to shortages in the energy sector. Prince Andulaziz said the potential switch depended on how severe … More Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

Saudi Arabia To Ask Foreign Energy Companies To Up Domestic Input To 70% – Sources

LONDON – Saudi Arabia will require foreign firms working in the energy sector, including petrochemicals and water desalination, to boost local input to at least 70% in order to secure government contracts, three sources familiar with the matter said. Energy Minister Prince Abdulaziz bin Salman discussed the plan to increase domestic input with local and … More Saudi Arabia To Ask Foreign Energy Companies To Up Domestic Input To 70% – Sources