Saudi oil chief says energy security imperiled by attacks

Source: Associated Press

Saudi oil chief says energy security imperiled by attacks

By AYA BATRAWY
March 29, 2022

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil chief said markets are going through a “jittery period” and reiterated Tuesday that the kingdom’s ability to ensure energy security is no longer guaranteed.

Energy Minister Prince Abdulaziz bin Salman said cross-border attacks have put to question “our ability to supply the world with the necessary energy requirements.” The attacks have been carried out by Yemen’s rebel Houthis, who are supported by Iran.

“It goes without saying that if this security supply is impacted, it will impact us ... but more fundamentally, I think it also will affect the world economy,” he said.

Prince Abdulaziz said Saudi Arabia and the United Arab Emirates could once rely on a collective effort to ensure their energy security. “These pillars are no longer there,” he added. The prince spoke at the World Government Summit, an event sponsored by the government of Dubai in the UAE.

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