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CapSek Surplus Boosts Global Energy Security
The President of the King Abdullah Petroleum Studies and Research Center (KAPSARC) confirmed that having excess production capacity enhances global energy security. He emphasized the importance of balancing energy security with sustainability and continuing investments in oil and gas, while also adopting practical solutions to reduce emissions that consider economic feasibility. This statement was made during the 25th World Petroleum Conference in Riyadh, which drew more than 33,000 visitors from 135 countries. The conference discussed the future of energy, oil and gas markets, digital transformation technologies, and artificial intelligence, as well as strengthening international partnerships and showcasing Saudi Arabia’s initiatives and plans under Vision 2030. KAPSARC was awarded two prizes for the best research papers, one exploring the role of petrochemicals in the energy transition, and the other on carbon financing for clean cooking in Africa. The center’s leaders and experts participated in sessions addressing energy security, investment, and emission reduction.
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