Energy minister: Saudi Arabia is no longer producer of only oil but of all types of energy – Saudi Gazette

Energy minister: Saudi Arabia is no longer producer of only oil but of all types of energy – Saudi Gazette

Saudi Gazette reportRIYADH — Minister of Energy Prince Abdulaziz Bin Salman said that Saudi Arabia is no longer a country that produces only oil, but also produces all types of energy.“We are no longer being classified only as an oil-producing country. Our tag now is that we would like to be an energy-producing country of all sorts of energy and hence our task is to prove it,” he said.The minister made the remarks in his keynote speech at the third edition of Future Minerals Forum titled “Energy Transitions in the Kingdom” in Riyadh on Wednesday.Prince Abdulaziz said that Saudi Arabia is transforming into a leading exporter of diverse energy types, shifting away from its traditional role as an oil exporter.“We are investing in everything that contributes to an appropriate transition to green energy in the Kingdom, and two initiatives have been put forward to transition to green energy.”He said that Saudi Arabia and the UAE produce energy in a responsible manner. The minister said that Saudi Arabia is taking climate change issues seriously and are taking the lead.“We hope to have a market for carbon, and hopefully it will be a regional market.”“According to my estimates,” the minister said “we