Minister of Energy Prince Abdulaziz bin Salman reaffirmed that Saudi Arabia is exerting all efforts to abide by its commitments to achieve zero carbon emissions at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC).

In his speech at the 38th edition of ADIPEC, Prince Abdulaziz bin Salman said: “Saudi Arabia and UAE are members in a number of initiatives to find solutions to climate change, and are working to achieve sustainable development through a number of important projects.”

Prince Abdulaziz bin Salman stressed the need to harness existing investments and technologies to achieve the goals they aspire to accomplish in the future.

He also added: "We are working to achieve sustainable development through a number of important projects. What is happening today will never prevent us from focusing on the future, and we will work together to achieve our aspirations."

The World Needs Maximum Energy, Minimum Emissions: Dr Sultan Al Jaber

Prince Abdulaziz bin Salman expected that stopping investment in hydrocarbon resources would lead to the market losing annual production at a rate of five million barrels of oil per day from the current supplies due to the natural decline in the production capacity.

ADIPEC is one meeting place where thought leaders gather, businesses converge, and decisions are made in a world of accelerating change for the oil industry.

The ADIPEC Technical Conference is the single largest technical meeting place for oil, gas, and energy engineers and professionals worldwide, providing access to the latest industry knowledge, innovations, technical expertise, applications, products, solutions, and services.

Organized by the Society of Petroleum Engineers, the technical conference sessions cover a wide and diverse range of technical and engineering insights that will drive ideas, overcome challenges, create new value, and highlight innovation.

Read more: Qatar Authority Planning Green Hydrogen Project in Egypt