Energy minister calls for R&D on petrochemicals, renewables

Energy Minister Khalid Al-Falih addresses at the 21st St. Petersburg International Economic Forum (SPIEF) on Friday. (SPA)
Updated 04 June 2017
0

Energy minister calls for R&D on petrochemicals, renewables

RIYADH: Khalid Al-Falih, minister of energy, industry and mineral resources, has urged attendees of an economic forum in St. Petersburg, Russia, to invest in research and development of petrochemicals and renewable energy, the Saudi Press Agency (SPA) said.
The minister, who was addressing the 21st St. Petersburg International Economic Forum (SPIEF) on Friday, stressed the key role played by new technologies in speeding up the diversification of energy sources and minimizing the current risks on climate.
Al-Falih joined the session titled “Mechanisms of Global Economy — Hydrocarbon Energy: Will it become a Legacy of the Past or Basics of Development?”
Speakers focused on the importance of commitment to the recent oil production reduction agreement between OPEC and non-OPEC members for another nine months.
The Saudi minister said OPEC and non-OPEC members in the reduction agreement will study the possibility of increasing the reduction rates in their meeting in November.
He ruled out that the global peak on oil demand will occur before 2050.
He also said Saudi Aramco will invest in the production of gas and liquefied natural gas (LNG) at the global level.
The forum speakers also stressed that oil will remain a key energy source in the long term and that it should not be looked at as the sole pollution source. They also emphasized the need to adopt a comprehensive plan to deal with climate change.
Since its launch in 1997, the forum has become a leading global platform for representatives of the business community to meet and discuss the key economic issues facing Russia, emerging markets and the world as a whole.
Over 12,000 participants attended the St. Petersburg International Economic Forum 2016, from 133 countries.


Saudi border guards rescue French passenger from Red Sea cruise ship

Updated 19 April 2019
0

Saudi border guards rescue French passenger from Red Sea cruise ship

JEDDAH: Saudi border guards rescued a French female tourist on Friday after she broke her leg on board a cruise ship in the Red Sea.
The 85-year-old was aboard the Costa Luminosa off the coast of south-west Saudi Arabia when the Maritime Rescue Coordination Center in Jeddah received an emergency call from the King Abdulaziz International Airport’s search and rescue center, saying the women needed emergency medical attention.The details of the message was passed to the Saudi Arabia Border Guards.
The border guard’s vessel Al-Lith was sent to meet the cruise ship near Al-Qahma, in the Kingdom’s south-western Asir region.
Lt Col. Misfer Bin Ghanam Al-Qarni, border guards spokesman, said the patient was transferred to Jazan, where she was then taken to Prince Mohammed Bin Nasser Hospital by ambulance.
The Costa Luminosa, which was traveling from Salalah in Oman toward Aqaba in Jordan, continued on its voyage.