Riyadh "Riyadh Daily"
Kingdom's Capabilities

Time after time, the Kingdom of Saudi Arabia affirms that it will always remain the most reliable, independent and safest oil supplier in the world, as well as being able to meet the world's oil needs, relying on its modern infrastructure, which helps it enhance its production capabilities, and take them to unprecedented levels.

The abrupt attack on Aramco's oil facilities in Abqaiq and Khurais, halting about 50% of the Kingdom's production, which is equivalent to 5% of the world's production, and then the restoration of full production within a few days, attest to the Kingdom's technical, human and financial capabilities and potential that enable it to be incontrovertibly the first source of energy in the world.

This content was the focus of the speech of Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, during his participation in the main session of the Russian Energy Week held in Moscow, under the title "Maintaining energy interdependence in a changing world". His Highness reaffirmed the Kingdom's readiness to meet the world's oil needs, as the first energy supplier in the world. His Highness did not forget to praise the tremendous efforts exerted by the State and other government agencies and bodies associated with the oil industry with Saudi Aramco, to restore the production capacity of oil so fast as before the attack on the two oil facilities in Abqaiq and Khurais.

The Kingdom's standing as the world's largest oil exporter has not come by accident, but thanks to tireless efforts exerted by the State, represented by Saudi Aramco, which was keen to enhance its production capacity and spent billions of dollars in giant production projects, until the Kingdom has become capable of producing more than 12 million barrels a day if necessary.

The productive projects do not save the interest of the Kingdom only, but also the interest of the world, which is getting its oil needs at very reasonable prices. This stems from a host of principles and values that the Kingdom adheres to before the world since the emergence of oil in the Arabian Peninsula in commercial quantities. At that time, the Kingdom announced its oil policy and strategy to secure energy for all without exaggeration or exploitation. Up to this moment, the Kingdom is committed to what it has pledged, which is the source of comfort and assurance to all countries, especially the industrial ones, which receive their energy needs at reasonable prices, in required quantities, and guaranteed by the Kingdom.


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