Thread by @ArabNewsBiz

"I believe IPTC can be a powerful catalyst in the transformation of commitment to action," says Nasir K. Al-Naimi, SVP Upstream of #Saudi @aramco at the International Petroleum Technology Conference #IPTC2022

"We know the world needs us now, perhaps more than ever, to ensure the #energy transition leaves no nation behind," says Nasir Al-Naimi of @aramco at the International Petroleum Technology Conference, held at Riyadh International Convention and Exhibition Centre #IPTC2022

.@Aramco is among the lowest #oil producers in terms of #carbon intensity, Aramco's chairman Yasir Al-Rumayyan says at the International Petroleum Technology Conference #IPTC2022

.@Aramco is now a factory of ideas with 860 patents obtained in 2021, more than any other #energy company, Aramco's chairman Yasir Al-Rumayyan says at the International Petroleum Technology Conference #IPTC2022

Security of #energy supply, #ClimateChange, and continuity of economic development are the key three pillars of energy, #Saudi energy minister Prince Abdulaziz bin Salman says at the International Petroleum Technology Conference #IPTC2022 arab.news/2s4wt

The frequency of #OPEC+ meetings mean that the group is flexible and dynamic in taking its decision, #Saudi energy minister Prince Abdulaziz bin Salman says at the International Petroleum Technology Conference #IPTC2022 arab.news/2s4wt

The campaign against #oil and #gas investments is shortsighted, #Saudi energy minister Prince Abdulaziz bin Salman says at the International Petroleum Technology Conference #IPTC2022

The #energy transition is accelerating for sure, but focusing only on #renewable and alternative energy alone is another problem, #Saudi energy minister Prince Abdulaziz bin Salman says. #IPTC2022

#Saudi energy minister Prince Abdulaziz bin Salman says #sustainability is the natural outcome of the #CircularEconomy. #IPTC2022

Net zero does not mean zero #oil, says #Saudi energy minister Prince Abdulaziz bin Salman. #IPTC2022

#OPEC+ agreement helped the market to be balanced, and it ensured that there is a mechanism for balancing the market, #Kuwaiti oil minister Mohammed Al-Fares says at #IPTC2022

#OPEC+ should sustain the current agreement and any dramatic change to it will affect the market balance, #Iraqi oil minister Ihsan Abdul-Jabbar Ismail says at #IPTC2022

#Egypt's Minister of Petroleum and Mineral Resources Tarek El-Molla says that #OPEC+ was successful in balancing the #oil market. #IPTC2022

#UAE energy minister Suhail Al-Mazrouei says "we all know what are the reasons behind the current hike in #oil prices." #IPTC2022

"#Oil and #gas will continue to be used for decades to come, but high-cost, inefficient, high-carbon intensity producers will not be part of that future," @Aramco chairman Yasir Al-Rumayyan says. #IPTC2022

"We are not getting out of #oil and #gas, and we intend to remain the world’s top producer," says #Saudi @Aramco Chairman Yasir Al-Rumayyan. #IPTC2022

"New #energy sources depend on materials that can only be produced with #hydrocarbons," says #Saudi @Aramco Chairman Yasir Al-Rumayyan. #IPTC2022

Chairmen and CEOs of global #oil companies would have vanished without #OPEC+, #Saudi energy minister Prince Abdulaziz bin Salman says. #IPTC2022

"Our CO2 enhanced '#oil recovery demonstration project at Al-Uthmaniyah can capture and inject up to 800,000 tons-per-year of CO2 for enhanced oil recovery, which is equivalent to taking more than 170,000 passenger cars off the road," says Yasir Al-Rumayyan. #IPTC2022

#Saudi energy minister slams @IEA for 'missing barrels' that are around 730 million barrels. He also criticizes the agency for its contradiction on its recommendations for more investments in #energy last week in IEF's event in #Riyadh after it was against it. #IPTC2022

#Kuwait has officially adopted circular carbon economy for the next 20 years, the country's #oil minister and deputy prime minister says at #IPTC2022

Going with 50% #energy from green sources has saved the #UAE around $190 billion, the country's energy ministry says at #IPTC2022. The country would have spent $353 billion in CapEx and OpEx on #power projects by 2050 without going green, he explains

#UAE is targeting to capture 20% of the hydrogen market as it's bullish on the future of clean #energy and #fuel, the energy minister of the country says at #IPTC2022

#SaudiArabia only needs technical support to reach #carbon neutrality target, without any need for financial assistance from any country, the Kingdom's #energy minister says at #IPTC2022

#Iraq invested more than $3 billion with @Shell for #gas capture projects, and it is now working with #France's @TotalEnergies for other projects to become more sustainable and cleaner, #Iraqi oil minister Ihsan Abdul-Jabbar Ismail says at #IPTC2022

#Bahrain energy minister says that imposing policies so fast like what #Europe has done over time, might yield negative results. #IPTC2022