Saudi Energy Minister Prince Abdulaziz bin Salman expressed his concern about the comprehensive energy system, calling for cooperation to find realistic ways to deal with the current and future situations.
The Saudi Energy Minister stressed, in a panel discussion, that the world needs to pay attention to an existing reality represented in the exhaustion of spare energy production capacities at all levels.
He said: “I am very concerned about the comprehensive energy system that exists today, if I want to focus on the most important messages, the world has to act collectively, responsibly and comprehensively to save the global economy from two problems: supply chains and service issues including energy .. These two important topics besides Politics”.
He continued, “Let me repeat, in order to maintain global prosperity and the global economy and its health, the masks must be removed, sit at the table and work to find a realistic way to deal with the current and future situation… It is very easy to find someone to blame but very difficult to admit that people They need to reconsider, rethink and deal credibly with their fellow citizens about what needs to be done to salvage the situation.”
He also wondered: “Why is the focus on high oil prices and not on the prices of gasoline or diesel or anything else?”
In his statements yesterday, Prince Abdulaziz bin Salman said that the gap between crude oil prices and the prices of jet fuel, diesel and gasoline is about 60% in some cases, due to the lack of refining capacity.
It is noteworthy that the World Utilities Conference provides an exceptional platform for actors in the energy and water sectors around the world, to discuss trends, technologies and innovations that affect future levels of demand for water supplies and energy sources globally, amid a wide international presence of leaders and experts in the sector.