Saudi Gazette report

RIYADH — Minister of Energy Prince Abdulaziz Bin Salman said on Saturday that he trusts OPEC+.

Prince Abdulaziz inaugurated the 44th IAEE International Conference in the King Abdullah Petroleum Studies and Research Center (KAPSARC) at Riyadh.

The Minister of Energy said that it is important for economic experts to work in the energy sectors. He stressed that forecasters are working well but it is not necessary to believe them.

He explained that the most important lesson he learned was to trust OPEC+, especially since the group takes energy matters separately from political reality.

“Some had expected that OPEC + would not meet again and would not be able to make correct decisions.”

On the level of clean energy, he mentioned that the Kingdom is the largest producer with the lowest cost of renewable energy, and will soon reach the same position in the production of green, blue and purple hydrogen.

IAEE International Conference 2023 is one of the world’s most influential strategic conference programs — playing an important role in developing the thought leadership, direction and strategies that will shape the industry’s response to the realities of the energy transition.

The conference provides the opportunity for academia, the scientific community, industry, and government to assess the evolving energy landscape and explore ideas and strategies that will ensure long-term future success in a lower carbon future