مجلس نيوز | majlis-news
The Minister of Energy confirmed Prince Abdulaziz bin SalmanThe Kingdom’s determination to create new patterns of exploitation oil and gas.
Prince Abdulaziz bin Salman said, during the launch of the new identity yesterday To the Ministry of Energy, Which expresses its keeping pace with developments in the energy industry, its future and its pivotal role in achieving targets Saudi Vision 2030 “The Kingdom seeks to replace solar energy with petroleum liquids, and to create new patterns of oil and gas exploitation.”
He added, “The program to replace solar energy and gas instead of petroleum liquids, such as crude oil and its products, is receiving the attention of the Crown Prince, as it will have a great impact in the future, and its details cannot be entered into now until it is presented to the Crown Prince and the Supreme Energy Committee.”
He continued, “It will be one of the largest and most important programs that will be implemented with its value and addition to the national sector, and with the financial capabilities it provides that were wasted.” He pointed out that this is part of the energy system programs that aim to sustain the demand for hydrocarbons and seek to replace solar energy with petroleum liquids.
He explained that the restructuring of the electricity sector will have positive results at all levels, including enabling the sector to rehabilitate and build it so that it is more able to respond to future programs, including the program of replacing solar energy and gas instead of petroleum liquids.
He mentioned that the energy system made a great effort during the past year to restore stability to the petroleum markets, praising the key role of the Crown Prince, Chairman of the Supreme Committee for Hydrocarbon Affairs, Prince Muhammad bin Salman, in direct follow-up and negotiation in many critical situations, to enable the Ministry to implement this main requirement, which without it Public finances will be affected and thus negatively affect the state’s initiatives and programs.
The Minister of Energy said, “All the ministry’s programs are now linked to the participation and contribution of government and private agencies, and it will have a positive development impact in its comprehensive sense,” indicating that collective action is a fundamental pillar of Vision 2030. “We as Saudis do not fear the challenge, but rather accept it, and we will be among the initiators of finding solutions. ». “We look forward to being able for future generations to live in a country reinforced by the capabilities and capabilities that exist now and which can be provided in the future,” he added.