Saudi Arabia invested for decades in energy sector readiness, says energy minister

Saudi Minister of Energy and Minister of Industry and Mineral Resources Abdulaziz bin Salman said the Kingdom has invested for decades in ensuring the readiness of its energy sector through the East-West Pipeline, storage facilities, and local supply chains.

Speaking at Singapore International Energy Week, the minister added that despite challenging circumstances, Saudi Arabia has continued to meet its commitments and supply global energy markets. He emphasized the importance of building resilience before it is needed to ensure operational continuity and rapid recovery in the face of disruptions.

He noted that energy security depends on the integration of the entire system and on reliable partnerships that can withstand pressure, highlighting Singapore as a key partner for Saudi Arabia due to its role in refining, trading, shipping, and logistics, as well as its pivotal position in Asian energy flows.

The minister said the Kingdom values its growing partnership with Singapore and looks forward to turning shared priorities into practical cooperation that enhances energy security and supply reliability. He cited discussions on storing Saudi crude oil in Singapore’s Jurong rock caverns as an example of practical collaboration to strengthen supply chain resilience.

He added that bringing Saudi oil supplies closer to major Asian markets boosts supply chain flexibility and supports Singapore’s energy security and preparedness.