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Saudi Energy Minister Prince Abdulaziz bin Salman affirmed that Saudi Arabia has proven its ability to maintain its status as a reliable and stable energy source despite geopolitical challenges and fluctuations in global oil markets. He emphasized the Kingdom’s success in overcoming disruptions at the Strait of Hormuz through alternative routes, such as transporting its exports via the East-West pipeline, ensuring the continuous and regular supply. He also noted the signing of 30 new agreements between Saudi Arabia and Russia at the St. Petersburg Forum to enhance cooperation across various sectors, as well as the launch of direct flights between the two countries and the mutual exemption of visas, which bolster tourism and trade exchanges.
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