HISTORICAL FACTS: 4 - The Untold Story

Shura Council Approves Saudi-Iraqi Power Grid Link, Maritime Transport Agreements

The Saudi Shura Council approved on Monday a memorandum of understanding of joint cooperation in the field of electrical interconnection between Saudi Arabia and Iraq. The two countries signed an MoU to connect their national electricity grid in January. “The signing of this MoU comes in implementation of the directives…

Asharq Al-Awsat · Apr 12, 2022

Saudi Dussur Signs 4 Joint Ventures, Global Acquisition Deal

The Saudi Arabian Industrial Investments (Dussur) announced the signing of five new shareholders' agreements, including four joint ventures and one global acquisition deal. Dussur, owned by PIF, Aramco, and SABIC, signed the agreement at a special event attended by Minister of Energy and Investment Prince Abdulaziz bin Salman, Minister of…

Asharq Al-Awsat · Mar 31, 2022

Saudi Arabia, UAE Say OPEC+ Mission Is to Stabilize Market

Saudi Arabia and the UAE reiterated that OPEC+ has only a mission to "stabilize the market," adding that the alliance keeps politics out of its decision-making in favor of the "common good" of energy prices. Saudi Energy Minister Prince Abdulaziz bin Salman stressed that the focus is on balancing crude…

Asharq Al-Awsat · Mar 30, 2022

Saudi Aramco Discovers Some New Natural Gas Fields

Saudi Aramco has discovered several new natural gas fields, the Saudi Press Agency reported on Sunday, citing Energy Minister Prince Abdulaziz bin Salman. The fields were found in the central area of the kingdom, in the Empty Quarter region, near northern border and in the eastern region, he said, according…

Asharq Al-Awsat · Feb 27, 2022

Saudi Energy Minister: Kingdom Seeks Ensuring Immunity of Energy World’s Three Pillars

Saudi Energy Minister Prince Abdulaziz bin Salman confirmed that Saudi Arabia seeks to ensure the immunity of the three pillars of the energy world: securing necessary energy supplies, continuous economic development by providing reliable energy sources, and facing climate change. He underscored that these three pillars must be observed without…

Asharq Al-Awsat · Feb 21, 2022

Abdulaziz bin Salman: Energy Security Essential to Growth, Facing Climate Challenges

Saudi Energy Minister Prince Abdulaziz bin Salman said Wednesday that the Kingdom was committed to its pledges to reduce carbon emissions and address the climate crisis. He emphasized that energy security constituted a necessary basis for the prosperity of the global economy, and for achieving a smooth transition to deal…

Asharq Al-Awsat · Feb 3, 2022

Saudi Arabia to Develop Hydrogen-Based Transport

The Ministry of Energy signed on Thursday eight memoranda of understanding (MoUs) with several entities for implementing pilot projects for hydrogen fuel cell-based cars, buses and trains, transportation applications, and sustainable jet fuel production in selected areas and on roads in various cities of the Kingdom. In a statement on…

Asharq Al-Awsat · Jan 21, 2022

Saudi Energy Minister Says OPEC+ Has Done a Lot to Stabilize Global Energy Markets

Saudi Energy Minister Prince Abdulaziz bin Salman said the Organization of Petroleum Exporting Countries (OPEC) and its allies, referred to as OPEC+, have "done a lot" to stabilize global energy markets. Speaking about energy security at the Abu Dhabi Sustainability Week Summit at Expo 2020 in Dubai, the minister added:…

Asharq Al-Awsat · Jan 18, 2022