US President Joe Biden's visit failed, oil production cannot be increased by 1.3 million barrels. The categorical answer of the Saudi Crown Prince
Adopting unrealistic policies to reduce emissions by abandoning major energy sources will lead to unprecedented inflation, rising energy prices, rising unemployment and serious social and security problems in the coming years. Bin Salman's address to the conference
''Saudi Crown Prince Mohammed bin Salman has said that oil production cannot be increased by 13 million barrels.Oil prices have fallen.''
''While addressing the US-Arab Conference in Jeddah, Prince Mohammed bin Salman said that Saudi Arabia does not have the capacity to increase daily oil production from 13 million barrels.''
Saudi Crown Prince Mohammed bin Salman said that Iran should not interfere in the internal affairs of countries in the region.
He also said that more joint efforts are needed to support the global economy, and a realistic and responsible approach to sustainable energy sources is needed.
''US President Joe Biden was on his first visit to the Middle East as president.'' And during this time he also went to Israel. American President Joe Biden has returned after completing his visit to the Middle East. In the Middle East Biden spent four days.
The Jeddah Summit for Security and Development. In his speech at the summit concluded in the presence of Saudi Crown Prince Mohammed bin Salman, he urged Iran to cooperate to achieve stability and not to interfere in the affairs of the region.
He also announced the kingdom's support for all efforts to find a political solution to the Yemeni crisis and establish a ceasefire. He believed that Iraq is moving towards improving its security, which is reflected in the security of the region.
According to the Saudi Broadcasting Agency "Al-Arabiya", the Saudi crown prince made it clear that in order to complete the system of security, stability and prosperity in the region, to find a real political solution to ensure the end of other crises, especially the suffering of the people in Syria and Libya.
He said that for the future of the region, there is a need to adopt a vision in which security, stability and prosperity should be prioritized, mutual respect between countries should be paid attention to, and cultural and social ties should be strengthened. , security and political challenges should be faced and cooperated to achieve comprehensive economic development.
Regarding oil, he emphasized the importance of continuing to invest in clean energy, saying that the global economy is linked to the stability of energy prices.
He said the kingdom had previously announced an increase in its production capacity, amounting to 13 million barrels per day.
The Saudi crown prince said his country would not increase oil production further, stressing that The development of the global economy is closely related to the use of all sources of energy in the world, including hydrocarbons, while their emission can be controlled through transparent technology.
Prince Mohammed bin Salman clarified that the kingdom has adopted a balanced approach to reach net neutrality on carbon emissions by adopting a circular carbon economy approach in line with its development plans and enabled its economic diversification.
He expressed hope that the Jeddah Summit for Security and Development will lead to the establishment of a comprehensive framework for a new phase that will give hope to the young men and women of the region for a brighter future.
In this they are able to realize their hopes and present to the world their great message and values which we are proud of and will not abandon and we hope the world will respect.
warned that adopting unrealistic policies to reduce emissions by excluding major energy sources would lead to unprecedented inflation, rising energy prices, rising unemployment and serious social and security problems in the coming years.
It is worth noting that the summit declaration emphasized a common vision for a region of peace and prosperity and for this to maintain the security and stability of the region, to promote means of cooperation and integration. The importance of taking action is emphasized.