The Latest Breaking News from Abdulaziz bin Salman

Saudi Arabia Targets Tuwaiq with $760 Bn Projects

Saudi Minister of Energy Prince Abdulaziz bin Salman, Minister of Investment Khalid al-Falih, and the National Center for Industrial Development CEO, Abdul Rahman al-Qirtas, signed an agreement to support the sustainable growth of the Kingdom’s manufacturing sector. The partnership takes Vision 2030 ambitions a step closer towards economic diversification and…

Asharq Al-Awsat · Dec 17, 2022

Saudi Arabia, Kuwait sign MoU to Develop Durra Gas Field

Saudi Aramco’s wholly-owned subsidiary Aramco Gulf Operations Company signed on Saturday a memorandum of understanding (MoU) with state-owned Kuwait Gulf Oil Company (KGOC) to develop the joint Durra gas field. Kuwait’s Deputy Prime Minister and Minister of Oil Badr al-Mulla and Saudi Minister of Energy Prince Abdulaziz bin Salman attended…

Asharq Al-Awsat · Dec 12, 2022

Saudi Energy Minister: OPEC+ Adopts Economic Approach that Keeps Politics Out

Saudi Energy Minister Prince Abdulaziz bin Salman said that the OPEC+ operated according to a purely economic perspective, without entering into political aspects and alliances. “OPEC+ operates from an economic position and does not get involved in political aspects,” he said on Sunday. The minister’s comments came during the sessions…

Asharq Al-Awsat · Dec 12, 2022

Saudi Arabia, Iraq to Complete Steps for Cooperation in Gas, Renewable Energy

Saudi Arabia and Iraq have agreed to complete work on a number of important joint projects in the fields of gas, petrochemicals, electricity and renewable energy, and to intensify communication between them to discuss more joint opportunities. This came during a meeting on Thursday between Saudi Energy Minister Prince Abdulaziz…

Asharq Al-Awsat · Nov 26, 2022

Saudi, Iraqi Energy Ministers Stress Importance of Working within OPEC+ Framework

Saudi Energy Minister Prince Abdulaziz bin Salman and his Iraqi counterpart Hayan Abdel-Ghani stressed on Thursday the importance of adhering to OPEC+ output cuts that last until the end of 2023, the Saudi energy ministry said in a statement on Friday. The two sides also pointed to, "the ability to…

Asharq Al-Awsat · Nov 25, 2022

Saudi Petrochemical Strategy in its Final Stages

Saudi Minister of Energy Prince Abdulaziz bin Salman said on Wednesday that the petrochemical sector was rapidly growing in demand for oil globally, stressing that the acceleration in growth will continue until 2040. In remarks during the inauguration of the Saudi Petrochemical Industries Company (SABIC) building in Jubail, the minister…

Asharq Al-Awsat · Nov 24, 2022

Saudi Energy Minister Denies Output Increase Discussion

Saudi Arabia on Monday said that OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output to 500,000 barrels per day, according to state news agency SPA. "It is well-known that OPEC+ does…

Asharq Al-Awsat · Nov 21, 2022

Saudi Arabia Steps up ‘Climate Battle’ Efforts

The Saudi pavilion at COP27 was one of the most crowded places during the days of the conference in Sharm el-Sheikh. Visitors did not only attend seminars and discussion sessions, they also met researchers who have introduced programs directed to combating climate change to light. While Energy Minister Prince Abdulaziz…

Asharq Al-Awsat · Nov 19, 2022

Saudi Green Initiative Increases Climate Ambition

The Saudi Minister of Petroleum and Energy, Prince Abdulaziz bin Salman, delivered a speech at the "Green Saudi Arabia" that inspired several Saudi officials who highlighted the challenge during their demonstration of the environmental dimensions of their projects, asking the public to hold them by their word next year.

Asharq Al-Awsat · Nov 13, 2022

Saudi Arabia to Establish Regional Center for Reducing Emissions

Saudi Energy Minister Prince Abdulaziz bin Salman announced on Saturday three new projects that will further enhance the Kingdom’s national and regional climate action.

Asharq Al-Awsat · Nov 13, 2022