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[M015-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:21 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

In all my 33 years of being the Oil and Energy Minister, I could not have conceived that the whole world would congregate to try to attend to this extraordinary situation.

[M015-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:54 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

I think the president got it right; that we brought in 20 million, and I am very grateful for the work that the president and the secretary of energy did, and the people around the president were extremely helpful, I also need to mention our other partners with Russia. I would also have to mention the king himself was engaged, Prince Mohammed was the true hero of this whole thing, he put in the time and effort, the fact he was more or less even in some aspects, especially this serious method. He was physically negotiating certain elements of this, the dominant and major components of this deal.

[M015-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:18 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

We have a record to show; ever since the 23rd of January, we have been warning people that this is going to be maiming, this is going to be big and this is not going to be left for a country or even a group of countries to attend. Unfortunately, with all the messages we have been doing ever since, as I said, 23rd of January until the 6th of March, our calls, our warnings were unheeded. When came 20 March, things even convoluted in a worse situation where people did not find even the space or the stomach to try to stomach a bigger cut and the market was left unattended

[M015-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:32 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

you had a 23 or 24% increase ever since last week, it is going to be challenging to all of us, those producers that have committed to proving to the world and to those who are engaged in this market that we mean business and we are serious. Now talking about Saudi Arabia, I think we have a record that we are the first to sign up and we are the last to leave our commitments. I am sure that what hold the industry to the last month is going to be there for quite some time; that people would know exactly that if they do not perform, that lack of performance would hurt them as opposed to benefit them.

[M015-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:25 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

With that in mind, we also within OPEC+, have our regimentation of monitoring and we have a system that enables us to see on a month-to-month basis how everybody is doing. Now, on the other side of the story, with the practical and pragmatic approach of cutting, we still have, for example, the IEA, you have EIA, they are all institutions that have a good record of numbers and they do publish numbers on regular basis. We have the G20 and we have just assigned an ad hoc team to continue monitoring and continue reviewing. So, it is not going to be left for a chance here or a chance there.

[M015-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:25 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

I think we are all in dire need of maintaining our commitments; none of us will gain if we do not fulfill our commitment. I am still hopeful, as I said earlier; we would not have got into the deal. We have not we would not have signed up for it, if we had a fringe of concern that people would not support that commitment. But as I said also earlier, we are the first to sign and we are the last to leave.

[M015-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:12 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

I have a story to share with you and also to share it with our friends at the platforms and be it at the old school, the shell producer. All of us as producers are suffering, even Saudi Arabia. Yes, we are prudent, we have been cutting budgets, we have been constraining programs and we have been doing every like every other producer doing. In that, we are more exposed to oil prices than others, but that does not mean that if you have a 70-year so-called budget, you cannot have the liberty and the ability to reconfigure yourself to make sure that you become an efficient producer and also a prudent financier of the budget. People go through this situation, look at any company in the world, ExxonMobil, Chevron, BP, and Shell, all went back to their boards, shell project and shell agreements. So, as a country, they do also go through these processes. So to think that we would be targeting a price simply because we have this budgetary requirement, we have the prudence; we have the resilience in Europe. I would refer you to Modi and Fitch.

[M015-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:26 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

This is one of the fundamental issues that people are not yet grasped, which is probably the energy sector is the most hit sector out of all of this. Why? Because of mobility. I was talking to some journalists yesterday and I was telling them that jet fuel has been hit, Diesel has been hit, gasoline is being hit and bunker fuel is being hit. So if you look at all the sectors and how much of an impact this virus is making over the economy, even within the economies, we would see the energy sector is being hit the most. So where you can recover? I think the more you see the lockdowns being released and more movement happens and mobility starts to thrive, I think you will start seeing that. We still will be under the custody of that situation.

[M015-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:58 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

Never, I have friends and pals and they are part of this, we have a good relationship with them. I was in public in December many times saying we like them, we want to prosper with them, and we never get engaged in a so-called zero-sum game or and therefore and therefore, they might have gotten that wrong impression, but I think if they calm down, and look at how we are behaving over the last 50 years, I do not think they would find a better partner than Saudi Arabia.

[M015-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت — · Fox Business Network Online · 2020-04-15

No. He was talking to His Majesty, King Salman, and His Highness, Prince Mohammed. I have never had the honor and pleasure of meeting him or talking to him, but it would be a privilege

[M015-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:22 · Fox Business Network Online · 2020-04-15 · مشاهدة عند هذا التوقيت

I have no reason but to believe them and I have no reason but to believe the president. I think he is doing a great job. I asked him a few days, what do you think the president is doing? I said the president is doing what the president should do or the head of state should do. This is a sector within the oil and gas sector, this is a sector that is creating job-creating communities, contributing to GDP and growth, solving a serious issue when it comes to energy security, and enhancing prosperity within certain states. I would not say anything but show me the president that would not be attentive to all of the above. So, I salute him and I salute our friends when they shine on every platform in the US, and again I would repeat that: focus and look around and see who is your true partners in this endeavor.