Prince Khaled bin Bandar bin Sultan, Saudi ambassador to the UK

Updated 17 April 2019

Prince Khaled bin Bandar bin Sultan, Saudi ambassador to the UK

  • Prince Khaled has also served his country as an adviser to the Saudi ambassador to the US for three years

Prince Khaled bin Bandar bin Sultan, the Saudi ambassador to the UK, has thanked King Salman and Crown Prince Mohammed bin Salman for giving him the responsibility. 

He vowed to fulfill his responsibilities to meet the expectations of the king and the crown prince. 

He also expressed his wish to serve the Kingdom and its people in the UK and to strengthen the bilateral ties between the two countries. He also prayed for the safety and prosperity of the Kingdom.

Previously, Prince Khaled served as the Saudi envoy to Germany. He was appointed to this position in June 2017. 

He is the son of Prince Bandar bin Sultan bin Abdul Aziz, the former head of Saudi intelligence. 

Prince Khaled has also served his country as an adviser to the Saudi ambassador to the US for three years. Prince Khaled has also worked at the UN’s department of political affairs in New York. Prince Khaled bin Bandar is also the executive chairman of Dayım Holding, established in 2006 to act as a vehicle for investment, strategic partnerships and joint ventures in Saudi Arabia. 

He also headed Hertz Equipment Rental in Saudi Arabia, and led several other key business ventures. Prince Khaled graduated from the University of Oxford obtaining a degree in Oriental studies. 

He also graduated from the Sandhurst Military Academy as a commissioned officer, before obtaining a post-graduate degree from the Fletcher School of Law and Diplomacy. 

Prince Khaled married Lucy Caroline Cuthbert in 2011. She is the maternal niece of Ralph Percy, the 12th Duke of Northumberland. 

Saudi Energy Minister calls for collective global effort to secure shipping lanes

Updated 11 min 29 sec ago

Saudi Energy Minister calls for collective global effort to secure shipping lanes

  • Khalid Al-Falih: Saudi Arabia will do best to ensure the safety of shipping lanes
  • He expects OPEC members and other oil producers to meet soon to discuss an extension to oil supply cuts

TOKYO: Saudi Arabian Energy Minister Khalid Al-Falih said Monday that countries need to cooperate on keeping shipping lanes open for oil and other energy supplies after last week’s tanker attacks in the Middle East to ensure stable supplies.

While he did not outline any concrete steps after the attacks that damaged two tankers on June 13, Falih said the Kingdom would do everything necessary to ensure safe passage of energy from Saudi Arabia and its allies in the region.

“We’ll protect our own infrastructure, our own territories and we are doing that despite the attempts to target some of our facilities,” Falih told reporters in Tokyo.

“But sea lanes of global trade need to be protected collectively by other powers as well. We believe that’s happening, but we need to make sure the rest of the world pays attention,” he said after a Japan-Saudi investment conference.

His comments came as Iran, which has been blamed by the US and Saudi Arabia for the attacks on two oil tankers in the Gulf of Oman, continued to escalate its rhetoric. Ali Shamkhani, the secretary of Iran's Supreme National Security Council, claimed Iran was responsible for security in the Gulf and the Strait of Hormuz, and called on US forces to leave the region, as tensions rose following last week's attacks on oil tankers

The attacks have shaken the oil market and rattled consumer countries that rely heavily on importing oil from the Arabian Gulf, much of which has to be transported through the Straits of Hormuz - the narrow shipping lane, which Iran has repeatedly threatened to disrupt.

Falih expects the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia to meet the week after the G20 summit to be held in Osaka on June 28-29, to discuss an extension of a supply output cut agreement.

OPEC and other producers, an alliance known as OPEC+, have a deal to cut output by 1.2 million barrels per day (bpd) from Jan. 1. The pact ends this month and the group meets in coming weeks to decide their next move.

Falih said that OPEC was moving was toward a consensus on extending the agreement.

He said earlier this month that OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June, although more talks were still needed with non-OPEC countries.

When asked if Russia is going to agree to continue the cuts, Falih said “absolutely.”

“We are maintaining the proper levels of supply that we have been having to bring inventory levels to where they belong. I hope that will continue in the second half with the assurances I have received from all the OPEC+ countries,” he said.

There was full commitment to put in place “a long term framework between the OPEC+ coalition to ensure that we work together” from next year, he said.

Oil demand growth has held up despite trade disputes roiling global markets, Falih said, adding he expects worldwide demand to be above 100 million barrels per day this year.

“We are not seeing a slowdown from either China, the US, India or other developed economies,” Falih said.

“The impact has been more on the sentiment side and fear, rather than actual impact,” he said.