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

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 delegation attends opening of Europe’s largest mosque

Updated 23 August 2019

Saudi delegation attends opening of Europe’s largest mosque

  • Chechen president hails Kingdom’s support for Islamic unity, moderation
  • Muslim World League (MWL) Secretary-General Dr. Mohammed bin Abdul Karim Al-Issa delivered the Friday sermon

GROZNY: The minister of Islamic affairs, call and guidance headed the Saudi delegation to the opening of what Chechen authorities said is the largest mosque in Europe on Friday.
Upon his arrival at Grozny International Airport, Sheikh Dr. Abdullatif Al-Asheikh said the construction of the Fakhr Al-Muslimeen Mosque is a source of happiness.
The marble-decorated mosque has capacity for more than 30,000 people and has been described by the Chechen authorities as the “largest and most beautiful” mosque in Europe.
The opening was held under the patronage of Chechen President Ramzan Akhmadovich Kadyrov, with the participation of Islamic delegations from a number of countries.
Al-Asheikh was received by Salah Mezhiev, advisor to Kadyrov and Chechnya’s supreme mufti, as well as other officials. Al-Asheikh said Saudi Arabia works hard to spread moderation throughout the Islamic world.
Muslim World League (MWL) Secretary-General Dr. Mohammed bin Abdul Karim Al-Issa delivered the first Friday sermon to be given in the mosque at the request of President Kadyrov.
Kadyrov welcomed the Saudi delegation and congratulated the Kingdom’s leadership on the success of this year’s Hajj season.
He hailed Saudi support for Islamic unity, spreading moderation and combating all forms of violence, extremism and terrorism.
The secretary-general of the Organization of Islamic Cooperation, Dr. Yousef bin Ahmed Al-Othaimeen, also attended the opening of the mosque.
The mosque's grounds, planted with flowers and sprinkled with fountains, can host an additional 70,000 worshippers, local authorities said.