منتدى الأعمال السعودي الروسي

[M178-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:49 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

Luckuliy, we meet now, a month from today. It's going to be a colder day, so we want to make sure that when we meet, it's always warm in Riyadh.

[M178-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:13 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

But we should not affiliate our relationship with regard, or connect it with temperatures and weather, because, as you know, weather is seasonal. Our bilateral is perpetual. It gives me a great pleasure, Your Excellency Alexander, as a friend, and I have to divulge something relevant and important here, which is that my first encounter with Alexander was January 17, 2015.

[M178-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:00 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

So, it's probably our 10th anniversary that when we got to know each other. I was not a minister then, but I was commissioned by the minister I used to work with, Minister Al-Naimi, to have a dialogue with Alexander, trying to convince him of the importance of collaborating jointly to attend to market stability and I must say that that discussion went on for the best part of two hours, with then your ambassador, Russian ambassador in Saudi Arabia. I already had another person with me.

[M178-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:45 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

And to me, that was the meeting that put the seeds for what we have been celebrating as a joint collaboration program with our friends from the rest of OPEC and OPEC+ countries, last of which was yesterday. We had had an endeavour, a serious endeavour, to bring about a profound cornerstone to future collaboration within OPEC+, which has to do with attending to the everlasting issue of how we can organize ourselves in a fair and equitable and transparent way of how we can assign production levels, commensurate with production capacities in the most transparent way.

[M178-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:50 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

And yesterday was probably one of the most successful days of my personal career and I'm very grateful and thankful for the support that our friends from Russia had demonstrated, whereby now we have the most detailed, the most technical, transparent approach of how we can move forward in the future, managing or attending to the markets and attending to how to attend to production, given the different levels and the different investments but it will be also a mechanism that will reward those who invest and those who believe that there is growth and it will put us on the lead amongst the other producers. It's also fair and transparent, which will help in trying to stabilize the markets as a component that will be supportive to the stabilization of the market.

[M178-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:03 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

But we're here today to address something other than what we're doing in OPEC+. So again, it gives me a pleasure to welcome you, Alexander, and your delegation, and also our friends from the business community and the members of the Business Forum and Business Council.

[M178-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:30 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

As I said, we're led by also an important pillar, which is the friendship between our leaders, be it President Putin, be it His Majesty King Salman, be it His Royal Highness, Crown Prince, Prime Minister, Prince Mohammed, they've been exchanging visits, they've been attending to this relationship with a common view that this relationship should be looked after properly and attended to properly and should take no limitation for scope. That's why today we are—and I'm glad that I have here Prince Faisal Farhan, our minister, capable, competent, capable, never we will allow him to be working for any other government but the Saudi government.

[M178-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:47 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

He just brings an enormous amount of aura and respect, aside from the aura and respect this government and this country has, but I cannot think of a foreign minister that would put the civil face also of Saudi Arabia than His Highness, So for that, he wants to share with us a moment of celebration because we now have, as two governments, decided that we should allow our citizens to travel freely without visas between the two countries, and today we will be signing this agreement.

[M178-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:37 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

So as we are also going to be signing something which relates to a cooperation on environmental issues and climate change, I think it's known to you that we just had finished a cup with a very challenging cup, and thanks to our collaboration as OPEC+ countries, the Arab group, the like-minded group, the group of 77, and many countries, and don't rely on the media of what they report.

[M178-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:15 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

Cup 30 was successful cup, yes, but we made sure that our interests as energy producers, as hydrocarbon producers, are well protected, because we believe that one day whoever is talking about phasing out and phasing whatever it is, what they are doing now is not phasing anything, they are actually consuming every molecule of hydrocarbon and looking forward for more to come and that's why we're doing everything else to make sure that we will be there when they recognize publicly that whatever they were speaking about in the past and now will be revoked by the realities of the day.

[M178-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:14 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

But we also want to celebrate so many agreements between the private sector, because again, the real testament of how effective the two governments' collaboration would be what kind of enablers and investment environment that we're creating for allowing the private sector to cooperate and collaborate. We hope that we're doing as much as we can. Yes, we recognize that Russia is going through some difficulties when it comes to sanctions and what have you.

[M178-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:00 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

But again, we want to make sure that whatever we do, attend to our bilaterals and focus in our bilaterals and ensure that whatever we stage is something that will continue and will endure, and ensure us that we don't look at the situation of the day and tomorrow but having to have a site for what we were to do in the future.

[M178-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:42 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

So unfortunately, I didn't read from the speech that was written for me, and I think we will just have to meet again and again and every meeting, we will have to…

[M178-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:58 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

We set a bar but that bar becomes nothing and we set a higher bar and this is the kind of spirit that should put us together. I also want to make sure that also not only the governments that are working to set the higher bar but also you as a business community, you should set your higher bars and you should deliver these bars.

[M178-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:27 · منتدى الأعمال السعودي الروسي · 2025-12-01 · مشاهدة عند هذا التوقيت

Thank you.