مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي

[M121-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:51 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Well, first of all, if you permit me, and then I'll come back to your queries. By the way, what worries me is not the last four years, they just keep coming. So, I wonder if we are finished with all what is the hope that is happening in the global markets, or be it global affairs. But, first of all I have to say a few words on the amount of gracious welcome that I have received. I'm very indebted and grateful to the reception I've had so far from Premier herself and her capable people. And I have to admit that unfortunately it's going to be my first visit to Alberta, but would count as the second visit for myself to Canada. First time I was there was 86 in Quebec, going for a university there, with some little course there with Professor Antoine. At that time did talk about and instead remember the discussions in 86 and I see it even today as relevant as they were then. And that's the difference between me and some others is that the duration have spent over the last 38 years, almost since I took a job at university all the way to today it makes me somewhat more conscious of what happened and to try to avoid repeating what happened in so many cases.

[M121-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:52 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Be it as it may, as you have mentioned, you know, one of the first thing I had was to have a world reception with a firework six days by blowing up half of our capacity. Amin is here he and I would remember that day and night that would never skip our memory altogether. But it really enables us and enable the world to see the importance of energy security and how relevant it is only when you go through a crisis like this and situations like this. Otherwise, it is always being conceived as a foregone conclusion that energy security is here to stay. And somebody somewhere in this planet will take care of that job, and in reality, that doesn't happen this way. What happens is energy security is something that the whole world should be focusing and collaborating and achieving it. And we'll have to use the plural sense of energy security, because it's not just oil, it's not just gas, or for that matter coal, it's not renewable alone, it's not hydrogen alone. It's all of the above. And because of that, we are focused on delivering a holistic approach to enable us to set an example for everybody and that we should do all of the above and focus on mitigating any of the problems that may come our way. Again, with that concept of all of the above.

[M121-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:45 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Back to your original question. So, part of the thought mindset is again learning from the good old mistakes. If you went through mistakes or seen others doing mistakes it's inconceivable to allow yourself to go through a testing of theorems that had proven to be wrong. One of the things that I know, you know HELIMA, you in fact you have much better diversity than mine, you're working on National Security issues that main pillar for energy security is sustainable, stable energy markets, without which people would not be able to invest, without which the clarity and the visibility required for investors to invest would not be there. And the clarity of policies that is emerging continue to emerge. Somebody would have to outline it properly, but also mindful of what it takes to deliver energy in terms of the size of the investments required and the big ambitions that we all would like to have. And it has to happen with a serious commitment to the idea that whatever we do, we should be cognizant that we still need a thriving global economy, prosperous economy and growing economies, without which none of us will be happy with the idea that, or satisfied or content with the idea that this economy is going to be there delivering what we are aspiring for.

[M121-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:47 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

So, the balance has to happen between trying to institute tools mechanisms. And I would argue as someone who had put a lot of time and effort in developing OPEC Plus and the institutionalization of OPEC Plus, and ensuring that OPEC Plus deliver what a typical regulator will do. And I still believe that OPEC conduct is nothing different than what a central banker, a group of central bankers are doing. So, it is first of all has a biennial type of dedications. Two: it aspires to emulate what regulators are doing. Three: it is my personal experience and I hope that others have had that similar experience that energy markets need regulating. International Energy Markets need regulators and regulating, and it has to be a light-handed regulation. It is not the failed experiences of the past when OPEC tried to manage prices, when it managed prices and quantity. Most of these experiences were failing, and failed, and failed miserably. And there is no country in planet Earth that had suffered the most from the construed approach of market management then Saudi Arabia. I was there, when we were producing 10 million battles by 1981. And I was there in the summer of 85, when we were producing two and a half million.

[M121-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:46 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

And it is all about price management, as a mean to market management. So, we're not doing anything as OPEC Plus today that relates to price targeting. As you can see, in some of the outlets that they are talking about, we're targeting prices. We're not targeting prices, we're targeting less volatility, more sustainable markets, more predictable markets. I think we're doing ourselves a favor, we're doing Alberta a favor, and doing what we're doing.

[M121-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:49 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

It's not aesthetic. First of all, it is not me. I ought to my colleagues in OPEC Plus. You know in that interview you mentioned four years ago in Abu Dhabi, I did say I believe in collective decision-making processes. We should be inclusive. Consensus is paramount, this is if we want to preserve and maintain OPEC Plus. And I think you could testify that I have done all of the above. I really see no difference between a country like Gabon or Equatorial Guinea and Saudi Arabia, because we contribute, yes, volumized not the same, but percentage-wise are the same. So, the cohesiveness of the group is important. And therefore, I'm here representing a group of producers, as opposed process of thinking of me personally, or Saudi Arabia per se alone. Be it as it may, I think what we departure we have done over the last few years was not to attend of what is existing today, because today we know what is happening. But we really don't know what will be happening in the next few months. This situation actually last year and this year has been exacerbated by so many different sources of anomalies of uncertainties which makes it extremely difficult. And I'm realist enough to say, you know, although it may touch my personal ego.

[M121-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:40 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

But I'm quite content with the idea to admit that if I cannot forecast, or have that level of certainty on what will transpire over the next five few months, I think it's my and everybody's sense of duty should drive us all to say: we don't know. But that's what we have done. We want to be proactive, preemptive and precautionary. These three words were created to address how we are trying to attend to the situation, knowing the fact that there are the uncertainties are coming from a multiplicity of, you know people talk about inflation, higher interest rates, recessionary forces in Europe, that big impression that China is going to come back, and come back fast and furious. but then the reversal was. And it's very simple, if you are going to be guided by what is forecasted today, and create emotion based on this forecast, I just would like to take you in a short trip backward. Look at what the forecasters were saying on August and September last year. and can you imagine if OPEC Plus agreed to what these forecasters were saying. So, we would not have taken that decision in October, and certainly would not have taken the decision in April, and certainly would not have taken the decision that we took in June. And I just wonder what would have happened to oil markets, if none of these decisions were made?

[M121-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:45 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

It's always better to go by my motto, which is I will believe it when I see it, which is escape keep your astuteness, keep your calmness. It's all a matter of a month or two when reality comes, as it's been forecasted and there you know glorious forecast come around. Hallelujah, we can produce more, if not, and it did not happen, you've already taken that precautionary measure which makes you way ahead of the curve. And that's fundamental. Chasing things this is not my just personal experience. It at any time given, if you don't take measures ahead of the game. If you don't become ahead of the game, chasing the reality has its own toe, and will take time to recover, will become more costly to recover. And I'm not sure if you can recover, as soon as you wanted to recover.

[M121-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:24 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

First of all, we've proven to be correct that we should being cautious about these things paid off. But again, it is not our wish to see the situation as it is today, because it is not bad yet. Again, the jury is still out. And this is the fundamental issue, the jury is still out. There are people that talk about services that are moving nicely, however industrial sector is not. The jury is still out; the jury is still out about what will happen to you in terms of growth; the jury is still out about what the central bankers will do in terms of additional interest rates or what have you; the jury is still out about how the U.S economy will fare within the context of what is happening Globe globally. It's remarkable to see the U.S economy still going with all the achievement that has been done, considering what is happening globally. But again, you know, look at what we have decided ourselves, with some support from Russia on the last decision we've made in August, which is we can do both, we can reduce more, or we can increase. That has been a subject that we want to make sure that the messaging is clear, that it's not about again this jacking up prices. It's about making the decision at the right time, when we have the data, and when we have the clarity that would make us in much more of a comfort zone to take that decision.

[M121-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:58 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

I'd like to refer to the last bit, and it's in the public domain, look at what the IEA said in October last, including their head of the IAEA, interviews after interviews and statements everything stuff about the belligerent Act of OPEC Plus in doing what they have done. If I was IAEA, I would probably be very ashamed of what they have said during that month, because none of the things that they were warning about has happened. And name me anytime that their forecast were as accurate as one would have hoped for. But, you know, they've moved now from being a forecaster and assessors of market to one of political advocacies. That's their choice. I don't care, but that's why we've discarded them from being using their numbers on the sources that we rely on performance and how we, be it as it may.

[M121-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:16 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Again, you know I'd had to be saying anything. Then, the experience that we've had makes us very cautious in believing what is being forecasted, because the forecast happens today. But a month from now, other things have happened, and therefore the forecast changes. That's why you do update your forecast, everybody update their forecast, ARAMCO update their cast. Our ministry capture to update their forecast, because of what? Because of human limitation in having the foresight to see what will happen globally. Who could have predicted COVID. You were there with me in one room, February 2020, when I talked about the house is in fire, and you can't use a garden hose to attend to that fire, everybody was looking around you, were physically there, and he said what this guy is talking about? We were in pain, trying with our friends in OPEC Plus to get even a cut of a million and a half. And people were saying, Oh! you’re really exaggerating. Remember now, we all had it wrong, because in April 2020, we lost somewhere around 25 million of demand. Who could have predicted it? Now, the most important thing is to remember: Who salvaged the day? and who participated in salvaging that day?

[M121-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:22:13 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

It was not just OPEC Plus country. We had an OPEC PLUS meeting, then immediately the day after we had a G20. It was actually extraordinary G20. And I'm very grateful to see countries like the US, Canada, Norway, Mexico, Brazil. All the G-20 countries that are not exporters did participate in cutting. Some of the consuming countries actually participated differently like for China stocking, India stocking. It is done within the context of the G20. And then, we sealed it with the agreement of OPEC Plus which happened after the G20. Because of that Mexico issue, it was Sunday. And what did happen? What happened? In total, roughly around 19 million of reduction of production or storage, stocking that had happened. Had the world did not collaborate and work that out, what would happen to the energy industry? What would happen to the oil industry in Alberta? What would happen to energy security broadly? How people can forget that if it wasn't for that act, and the continuity of the work we have done? How we could have maintained a thriving and prosperous energy industry. I don't know.

[M121-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:42 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Well, I have to say that this multilateral agreement or memorandum of understanding it was preceded by a bilateral agreement which was signed the day before, which is something that you write. We've worked for well attended to by our leaders, especially The Crown Prince, Prince Mohammed. And the idea here is to make sure that the U.S plays as a facilitator for bringing the parties together. We want to not only demonstrate, we are committed to the idea of transitioning, not only domestically but also, we want to be participant in supporting people to transition. You cannot advocate it without explicitly exercising it. How could you exercise it? We feel strongly that we are the cheapest producer of renewable. We could be the cheapest producers of green hydrogen. Amin is investing in ARAMCO is investing in clean hydrogen, not blue hydrogen, clean hydrogen. But again, if you ask Amin, and if you ask our friends from ARAMCO, if you ask us, we're here, we want to sell hydrogen, we want to sell electricity. How do you prove it? How do you prove your intentions, and you are not just bragging about it? But you are really a believer that you could do it, you should do it, you could do it, but you needed about this the committing partners, because you cannot invest without having the buyer. Somebody has to be the bridge to bring the parties together, whereby a conversation, a dialogue, agreements, multilateral bilateral, all of the above. And then you bring your companies to go on the execution.

[M121-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:47 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

What would help the world. What would help the world is an efficient production of hydrogen, an efficient production of green electricity, where is our ambition? To the roof. We are conversion Ing, we're transitioning ourselves, we will go fifty percent fifty percent of renewable electricity. We will use hydrogen domestically. And by the way, you know, it's just in my flight here I was reviewing what Canada is aspiring to achieve, and how it's to be achieved, and I was telling elections here. and the Ambassador said: we do see eye-to-eye, maybe 85 percent or even higher on what Canada wants to do, and what we want to do. We want to do all of that, what Canada wants to do all of the above. So, how do you prove that? By taking it the extra step, by saying okay, I would become the bridge as Saudi Arabia of trade of facilitating hydrogen export, of facilitating electricity export. And people spend a lot of time on the politics of the things, and they skip actually the fact that there are telecommunication lines are connected all over the world. Financial engineering is there to allow for cross-borders things without having to have the jargon of politics to be the focal issue.

[M121-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:28:30 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

You need the off-takers, you need the industry that needs to be investing. We're saying and I could love to use this platform. Come, you know, we keep telling our friend in Germany and France, in Italy, in India: come with your full force, come as German Inc, do the hydrogen, do build the electricity, take the renewable, pipe it, wire it, take it across the border. We're there, we will be working with everybody, How you prove it? You have to go into the real deep dive. That's why I was glad to see it was originally, it was supposed to be a five parties’ agreement. Then, after consultation conference did like the idea that we should also bring Germany, France, Italy, Japan to be a Co-Chinese which actually enable people to see. Now, I think the second stretch is that we're gonna do it. We're gonna make sure that people understand Saudi Arabia is no longer going to be a hydrocarbon producer, or an oil producer. Saudi Arabia is converting to become an energy producer, taking into account that we are the risk cost producer. To us, fortunately. To some, maybe unfortunately, but we are there to prove it.

[M121-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:35 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Well, as you know, with building cars that are going to be electrical cars, we're building other cars, too. We have a huge ambition, as I said on renewable. We have huge ambition, as I said in hydrogen. And we see the problem that the world is facing, and we're just starting now. You know, be careful of what you wish for, because if people don't work laboriously today in sorting out the material and making sure that their supply chain is as work as, has been worked out, and they have the commitments and the assurance that they have the minerals and the materials that are required and the manufacturing capabilities and capacity, I think we could be turning ourselves from one type of energy crisis to another type of energy crisis. I and then jargon once at capture as I said if you think OPEC Plus is a cartel be careful of what you wish for because you haven't seen the real cartel yet. And I believe in that and I and because of that we do are well endowed with so many materials and minerals. So, we want to go for the deep dive on our own minerals. Again, we welcome participation and we work with our friends from the Ministry of Industry and Maaden, as the company in fact Maaden has now created an international outfit to ensure that they would go abroad, and try to capture some of these minerals. We are going to be working with our friends with from the US on this issue too.

[M121-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:32:30 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

And we don't mind working with everybody on this issue, because again if we really want to be faithful to the idea that we will be transitioning, we have to also make sure that transitioning happens, whereby you end up attending to energy security, ensuring that energy is still affordable, and does not act as an impediment to economic prosperity and growth. And if you don't do all of the above, I'm sorry but I don't think you could attend to climate change issues. You'll even be the braved of a income and revenue to spend on these things. So, to be faithful, you have to do all of the above, and if you are really want to do it you should not focus on today, the year, this year, next year. But you have to have a longer Horizon, which is the 20 years the 30 years. And ask yourself the tough question: when you stand in front of a mirror, ask yourself the question, as a politician am I being honest to people or not? If you are not, you have to change your narrative, and you have to come to a sensibilities of what is the art of the possible.

[M121-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:34:40 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Well, we went beyond that, now. We have formulated what we call it the Circular Carbon Economy. And I believe we've been advocating it; we've been actually we have an exhibition here. And ask all of our friends here to go and visit with it. We've created the green initiative; we've created the Middle East Green initiative. It's all on the pull-park of how can we attend to the Four Rs. Some of it, we've started it long before. Some of it we're kicking starting with it now. But we know that we have controls, and we know that we need to achieve. We have our own KPIs on for example remove or reduce its efficiency, reduce it is producing more gas, less oil to be consumed, liquids to be used. And actually we will be doing a million reduction by 2030. and more important it's putting the 50 on electricity and hopefully with time even hydrogen. So, we're making a big score on that and in efficiency, we're continuing with that efficiency program. Ten years ago, I looked on those who are working with me, then we will look like aliens. What are you talking about? But this is what reality is delivering us. Now, we have a very competitive efficiency program that emulates any other efficiency program in Planet Earth.

[M121-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:36:33 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Now, the other four reuse recycled they all are give recognition to the idea that CO2 is a material and can be utilized, and can be made to a good use. We are also looking at ways or Ultra chemical, because again we really believe that if certain sources of demand will be narrowed, well, you have other means of ways of utilizing your hydrocarbon, your molecules. We're focusing on molecules, we're not focusing on the source and what happened. If you don't focusing on molecules, you don't open your spine to a better thinking, and new thinking. And that's why and even you know people say why Saudi Arabia is engaged in this Middle East Greening of the Middle East, were putting green money on Greening Saudi Arabia and Greening the Middle East, but also more relevant issue is carbon sequestration. You cannot achieve, you cannot be, go, talk to people with a straight face, and say I am committed to transitioning. I am committed to the very principle of Paris agreement, which is emission reductions of all sorts of emissions, of all the variety of emissions that from all industries. If this is to me, and I think to everybody is the Paris agreement, so we have to deliver emission reductions of all greenhouse gases of all sectors.

[M121-27] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:38:30 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

And we have to do it if we want to carry on with that narrative and act as a serious global citizen, we have to deliver on all of those, and we have to take a lead. And if we don't take a lead, how could we breach others. And if we want to bring discipline to the arguments, you have to be there, showing it rather than bragging or talking about it. That's why we're moving with carbon section. And again, I've been reviewing some of the things that we and Canada are doing together literally. There is no international activity that we are not a part of, when it comes to CO2 emission, or even methane. In fact, Amin and I don't want to steal the fire from Amin intervention but Amin will tell you a lot about how we are ranked amongst The Producers when it comes to methane emission and CO2 mission where when it comes to Upstream we're second to Denmark correct new professor when it comes to upstream and Refinery we're third Denmark and Norway and ourselves methane I think we are the second globally and it's not my word it's Science magazine it's everybody else so the narrative you know you know I just want to make sure that people understand we are not to be lecturered. I lecture that because we've actually done it even before the issue of climate change.

[M121-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:40:28 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

We realized in the 70s that there is a value to capture we have created the biggest industrial cities, Jubail & Yanbu by the narrative capture instead of flaring we created a power sector, we created a chemical industry. And we're still growing it and we are producing like anybody gas, we may we work like hell with ARAMCO and stretching pipelines in fixing our arrangements with ARAMCO to be rewarded to exploit gas, using new technologies, even better technology with all due respect when it comes to the new gas that will come from Jafurah. I would sit here and say as a regulator, even using better environmental standards than what is being practiced in the very core part of where gas is being produced today. So, you know I would suggest that even using the next two three days for us to compare with everybody how responsible we've been ourselves, when it comes to emission. Luckily, we're not Holland, we don't have so many cows, but I have to create some you know it's 42 minutes of serious talk. You know, if we go about phasing out, phasing down. So, maybe because a long trip, and it's a red eye trip. I just got in at six o'clock in the morning. Okay, can I go and ask our friends from Holland to phase out cows, because they are emitting this is the kind of narrative that we see these days.

[M121-30] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:43:09 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

A lot. We're, first of all, we're working with our friends with UAE on hands and hands. Actually, in fact, just two days ago, there were the CEO of the COP was visiting Riyadh, and we have a joint team in fact we have an embedded two persons working on interchangeably with our friends in the UAE. We have the best facility that you could think of in Dubai to demonstrate what we are doing and what we will be doing, because luckily, we have had this Expo Building which was commanded, and it was built by ARAMCO, and it was commanded as probably the best building that was built for that EXPO. We're gonna go with hundreds of people, most of them are young Saudi women and men. They would be there showcasing what we would do, what we're doing it, how would we doing it. We did a lot of prep work during the G20, so most of the things that we've all agreed in the G20, you will see it there. So, that's good part of the lesson of the homework has been done at the G20. We want to be engaged like, as I said you know we have a concerning issue which I flagged, and we flagged, and continued to flag which is the issue of energy poverty.

[M121-31] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:44:55 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

We have a program in the head of the program is here, and he will with this people will demonstrate it that we are engaged in attending to this issue, because again it is if people talk about moral issue, and whatever I did say it publicly I said there is nothing more moral issue than having to uplift energy poverty from the hundreds, if not a million billion, and some of people that they lack even energy access, let alone clean energy access. So, again we want to do that, so we want to make sure that we demonstrate that we are doing all of the above, willing to be partner ring with serious partners, doing all of the above. And we are not shy from demonstrating our further again and again our advocacy that to be responsible policy makers. We have to focus on again the trilemma, energy security, energy affordability and attending to climate change.

[M121-33] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:46:28 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

Well, I don't have one

[M121-35] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:46:36 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

That was in my hobby you know. I used to follow Alan Greenspan a lot, and I really liked him, but you know why you don't give us as OPEC PLUS the allowance to shroud our decision with secrecy. That has been the act of all Central Bankers. You never know what they will decide at the FED, and you will see people focus with their television and the CNBC and Bloomberg and everybody.

[M121-36] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:47:14 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

In the basement, so we have a virtual basement so why you are denying us the ability to act, and behave as a good Central banker. I have a solid remarkable team you met them good chunk of them are females I was we're celebrating one of them two days three days ago by saying I talked for Center. She was attending a course there and I said look at her. She knows better than me or what we will do because she is the number crunches. This is the kind of stuff we do we're not Aliant we're not the 70s OPEC Plus or OPEC or whatever.

[M121-37] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:48:04 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

You're there how many calls I do? how many times I call you? Whenever you put your document and look at this, she claims that I don't sleep, which is true they make me sleepless, because I have to follow different time zones. There is no Doctrine, and you know I'm calm enough. I've seen lots of people get it up their head, and I pity them, because I only follow the example of successful people who had had one fundamental thing that some people miss, unfortunately which is humbleness. And remember that you are a limited human being and you really have to do your homework day and night.

[M121-39] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:49:20 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

How successful Saudi Arabia managed to transition without creating any Havoc to its own economy.

[M121-42] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:51:08 · مشاركة سمو الأمير وزير الطاقة في جلسة حوارية ضمن النسخة الرابعة والعشرين من مؤتمر البترول العالمي · 2023-09-18 · مشاهدة عند هذا التوقيت

On behalf of the almost 100 here existent representing the equal, we call it the energy ecosystem. Yes, we're ready, we're going to be ready hosting the MENA Week which is an activity that prelude the COP. I forgot to mention it will give you a flavor of how ready we are, but and this stretch three years. It's good enough. we want to make sure that when we host it in Riyadh in 26, a lot of people would be worried about hosting the forthcoming, because no one is gonna match us.