Saudi Arabia developing new methods for oil and gas exploitation: Prince Abdulaziz

Saudi Arabia developing new methods for oil and gas exploitation: Prince Abdulaziz

Saudi Gazette reportRIYADH — Saudi Arabia intends to develop new methods for oil and gas exploitation in its bid to boost demand, Minister of Energy Prince Abdulaziz Bin Salman said on Monday.Addressing the ceremony to launch the ministry's new brand identity, the minister said that this is part of the important programs for the energy system that aim to sustain the demand for hydrocarbons and seek to replace petroleum liquids by solar energy.Prince Abdulaziz said that Crown Prince Muhammad Bin Salman is keen on following up the program, as it will play a significant role in raising demand for these materials.Its outputs also enhance the national economy's benefit from the value added resulting from achieving the maximum production of these materials, he explained.According to the minister, restructuring the electricity sector will have positive results at all levels. It will enable the sector to have renovation and construction in a way making it capable to respond to future programs, and the program of replacing petroleum liquids with solar energy and gas.He emphasized that