Saudi role vital in stabilizing oil markets, boosting global energy security: expert
Saudi Arabia has played a key role in stabilizing oil markets and ensuring energy security since the onset of the crisis, according to energy expert Dr. Mowafaq Arija.
Energy expert Dr. Mowafaq Arija has highlighted Saudi Arabia's crucial role in stabilizing oil markets and bolstering global energy security since the start of the crisis. Dr. Arija stated that Saudi Arabia has contributed significantly to maintaining a balanced oil market and ensuring continuous supply through efforts focused on ensuring a steady flow of oil and enhancing energy security.
In an interview with Al Ekhbariya TV, Dr. Arija explained that the continued export of oil via the East-West pipeline has played a vital role in stabilizing oil supplies and bolstering the market's resilience against challenges and disruptions. Dr. Arija emphasized that Saudi Arabia's commitment to energy security is a key factor in supporting global market stability, particularly in the face of ongoing changes in the oil market and its impact on supply chains.
He added that the launch of a strategic storage project in Singapore represents a significant step in developing energy supply chains, further strengthening Saudi Arabia's ability to maintain supply reliability and respond effectively to shifts in global markets.
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