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Saudi FM: Global Energy Security Hinges on Geopolitical Stability

(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
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Saudi FM: Global Energy Security Hinges on Geopolitical Stability

(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah stressed on Wednesday that geopolitical stability was the most important key to global energy security.

Speaking at the World Economic Forum in Davos, he underlined the need for stability in the short-term for energy markets.

He added that the Kingdom was investing around $200 billion in renewable energy, both domestically and internationally.

Moreover, Saudi companies are working with 21 countries on different sources of energy, such as solar, wind and other forms of renewable energy, he stated.

“At the moment, we need to maintain energy supplies that are being priced in a way that guarantees stability. We will continue to adopt this responsible approach,” stressed Prince Faisal.

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Saudi Foreign Minister Receives UNRWA Commissioner-General

Saudi FM receives UNRWA Commissioner-General. (SPA)
Saudi FM receives UNRWA Commissioner-General. (SPA)
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Saudi Foreign Minister Receives UNRWA Commissioner-General

Saudi FM receives UNRWA Commissioner-General. (SPA)
Saudi FM receives UNRWA Commissioner-General. (SPA)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received on Wednesday the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) Commissioner-General, Philippe Lazzarini.
During the meeting, both sides discussed the strong partnership between the Kingdom and UNRWA. They also reviewed recent regional developments and the ongoing efforts to address key challenges related to these issues.
In a related context, Arab reactions continue after Israel’s publications of maps annexing parts of Jordan, Lebanon and Syria.
Saudi Arabia’s Ministry of Foreign Affairs slammed Israel’s “extremist” acts that reflect Israel’s “intentions to consolidate its occupation and continue its flagrant violation of the sovereignty of those nations.”
Saudi Arabia reiterated its call for the international community to fulfill its role in halting Israel’s violations against the countries and peoples of the region.
The Kingdom emphasized the importance of respecting the sovereignty and borders of nations to prevent further escalation of regional crises and to support efforts aimed at achieving a just and comprehensive peace.

The Secretary-General of the Arab League, Ahmed Aboul Gheit, also issued a strong condemnation of Israel’s maps publications, saying it “reflects a state of right-wing extremism and religious obsession prevailing within the Israeli government”.