World Govt Summit: Saudi minister says oil supply disruptions to impact economies

World Govt Summit: Saudi minister says oil supply disruptions to impact economies

Dubai World Govt Summit 2022: Saudi energy minister says oil supply disruptions by attacks to impact economies

Minister says oil supply disruption to impact regional and global economies.

Saudi Energy Minister/Twitter

Published: Tue 29 Mar 2022, 1:52 PM Last updated: Tue 29 Mar 2022, 2:09 PM

The Saudi energy minister on Tuesday warned that disruption to oil supplies from terror attacks will impact regional and global economies.

The minister also warned that 'unaffordability' could lead to stagnation of the world economy.

While speaking at the World Government Summit on Tuesday, Prince Abdulaziz bin Salman Al Saud, Saudi Arabia's Minister of Energy, said the world is not paying enough attention to the issue of terror attacks on energy facilities.

“We made a political statement last week that we are no longer responsible for security of oil supply. But there is not enough attendance to this issue. If this energy security is impacted, this will impact well-being of our people and economy. It will also impact the regional and world economy. We’re into a jittery period, defined by unfortunate events where people are focused on regional issues without looking comprehensively at global concerns,” Al Saud said during a panel discussion which was also attended by Suhail bin Mohamed Al