للاستشهاد: اذكر معرّف المقطع (مثل M070-01) واسم المناسبة والتاريخ والتوقيت ورابط التسجيل. المقاطع المعلَّمة «سمو وزير الطاقة» فقط هي ما نُسب إلى سموه في التفريغ؛ ما سواها لمتحدثين آخرين. التوقيتات تقريبية حسب التفريغ.
To cite: give the segment ID (e.g. M070-01), event, date, timestamp and recording link. Only segments marked “HRH the Minister of Energy” are attributed to the Minister in the transcript. Timestamps are approximate.
النص / Transcript
[M070-01] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:00:00 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
It is more to do with the common concept, but differentiated responsibility, and it takes also into account the principle that countries would be allowed to attend to their emissions subject to their national considerations. In our ambitions and aims today, we use that arrangements to ensure that we aim at the 260, we are much more inclined to use the circular carbon economy as our approach, the circular carbon economy approach is very comprehensive, diversified, and enabling, because you are talking about using the renewable, efficiency, price reform in the reduce,
[M070-02] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:01:06 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
You are talking about monetizing CO2, and you do not have to call it a waste because you could create a carbon over it, and you could make it, and recycling, and also combined with what we would do in our energy side and chemicals, and what have you?. We have the remove which is growing trees, creating things, and all of the above, it is an enabling
[M070-03] · متحدث آخر: المقدم(other speaker — not the Minister) · التوقيت 00:01:30 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
The kingdom has been pushing very hard for the CCE, that هs kind of the model they are going for. "Have you been able to quantify the investments that are going to be needed to get there"?
[M070-04] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:01:39 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
To yes, and most of the numbers you have heard today with the conference speech have to do with our own contributions. It also has to do with the other countries, contributing to that effort. The CCE is something and that is why we are saying, as you know, the 260, we work with aiming for 260, which could, by the way, it could be less than 260, and it could be a little bit more than 2060, dependent on how the world economy would evolve, how much hydrocarbons would be used, and how much we may have to internalize it to make use of it domestically.
[M070-05] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:02:25 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
But more important, we are not seeking funding, we are not seeking finance, we are not seeking grants, we are seeking or our approach depends on congregating with those who are willing and have the word with us to join in creating technologies, and developing and deploying technology.
[M070-06] · متحدث آخر: المقدم(other speaker — not the Minister) · التوقيت 00:02:47 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
If I may flesh that out in a bit more detail, I mean that, Is this event what we are seeing here from the Sony Green Initiative, an opportunity to build consensus on the Saudi view on this issue ahead of the COP26, what do you want to get through to?
[M070-07] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:03:00 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
It is an impartation point, because I was laying our own proposals, this event is not going to be an event for the purpose of, you know, a pr stunt or what have you. This event is a part of the foundation that the crown Prince, Prince Muhammad Bin Abdul-Aziz, put together. This event, along with the other events that would come on Monday, which is the Middle East event, will be carried every year, and if we can get enough partners to reach out, this is what we have discussed today is what we would still do in Saudi Arabia properly.
[M070-08] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:03:45 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
On Monday, we have offering quite a few initiatives, and we hope that there are so many countries that will be become a part of that. If that happens, and we wish it happens, then, we would have very much meaningful things to do. You know, I did say, we did not create all of the above, but to make sure we stand to be accountable to what we are initiating, and we would continue being reviewing what all of these initiatives on this yearly meetings.
[M070-09] · متحدث آخر: المقدم(other speaker — not the Minister) · التوقيت 00:04:20 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
Basically, the United States President, John Baiden, has just been in a town hall the other day, he blamed Saudi Arabia for the high energy prices. "How do you respond to that?"
[M070-10] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:04:30 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
Well, I would not reflect on that, it is above my pay grade, but I am a technician, and I deal with the technical issues; gasoline prices are high because it is mixed with ethanol that went tenfold, gasoline prices are high because there is low stocks in the US, gasoline prices are high because there is still 2-2.5 million barrels of capacity that is being shut down because of the hurricane. Crude oil import would not help it, what would help it is making gasoline more available or as a technician, and I do not know how valid it is, limiting exports of gasoline. But I am not here reflecting on anybody.
[M070-11] · متحدث آخر: المقدم(other speaker — not the Minister) · التوقيت 00:05:26 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
Yes, maybe I will follow up then on the technical point, because I look at the production quotas and I see that OPEC plus has been over complying with the quotas, so there is an opportunity to step in. Could Saudi Arabia kind of lead the way, and bring that down instead of 115% percent and say 100%?
[M070-12] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:05:45 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
Well, we still have a lot of compensations to do, but even when we, first of all, we do not call them quotas, but we call them voluntary cuts, but even with the voluntary cuts, if you look at the trajectory of 2022, and even if you look at the four hundreds that we would be doing all the way until September, if you continue doing in September, without enclosure of any other country, for example, Iran, coming back, or Venezuela, coming back, even with that, if you talk to your experts in Bloomberg, they will tell you that you will have a huge uplift in stocks by end of year 2022. This is a reality, not our numbers, it is actually 8 sources' numbers, and one of them is IEA, and OPEC Plus and others, they all are saying that it will be a huge stockpiled at 2022.
[M070-13] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:06:40 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
If you do more now, you are actually exacerbating the problem even to a worser level, but if you do it, you have to do a habit for a purpose. Show me any utility that will take fuel oil today, show me any utility that will take crude; this is the gap and it is in about filling or substituting for gas or coal, and unfortunately, this is limited, and with regard to gasoline, as I said, I think the remedy is the indigenous. It has to do with doing something about ethanol, and it has to do with about the limiting export.
[M070-14] · متحدث آخر: المقدم(other speaker — not the Minister) · التوقيت 00:07:22 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
Some closing thoughts maybe on this conversation that is emerging that we are in a new era where oil is going to be higher for a lot longer. Does that mean demand is going to hold up in 2022 as far as you can tell and supply is going to remain quite constricted?
[M070-15] · سمو وزير الطاقة(HRH the Minister of Energy) · التوقيت 00:07:38 · Saudi Energy Minister Oil Rebound Can't Be Taken For Granted - Bloomberg · 2021-10-24 · مشاهدة عند هذا التوقيت
Well, we do not take things for granted, we still have Covid, there is still lockdowns, and you know one of which is Moscow just two days ago. We still have jet fuel is limited in terms of growth because airplanes are not flying as regular and as they were before. So, we are not yet out of the box, and we are not out of the doldrum of Covid. One needs to be careful also of taking things for granted when you are still, yes, the crisis is somewhat being contained, but it is not necessarily over.