East-West Pipeline holds long-term strategic value, says energy minister
Energy Minister Abdulaziz bin Salman says Saudi energy flexibility boosts global supply reliability and highlights Aramco's local content achievements.
Key Takeaways
AISaudi Minister of Energy and Minister of Industry and Mineral Resources Abdulaziz bin Salman said the strategic value of the East-West Pipeline extends beyond current global circumstances.
Speaking at the opening of the World Petroleum Congress in Riyadh, the minister stated that "national flexibility in energy supply supports the reliability of global supplies," reaffirming the Kingdom's commitment to strengthening energy security for all.
He added that "Aramco has achieved its local content target through the 'iktva' program, reaching 70 percent, which enhances the sector's contribution to the national economy."
Abdulaziz also emphasized that "there is no future for energy without ensuring security for everyone," and confirmed that Saudi Arabia will continue investing in reliable energy sources.