抖阴短视频

RIYADH: The energy crisis in Europe will accelerate the oil and gas sector鈥檚 transition to renewables and hydrogen, Saudi Minister of Investment Khalid Al-Falih said. 

Speaking at the Future Investment Initiative in Riyadh on Oct. 25, he added that the world has witnessed many transitions, with the security transition being the most prominent. 

Referring to Europe, Ukraine, and China and Taiwan鈥檚 crisis, he said: 鈥淲e have this transition taking place and I believe, and it's going to, continue and perhaps to continue to accelerate.鈥�

Al-Falih pointed out that there has also been a transition in trade and supply chains, noting the impact of globalization on them.

鈥淚f you think of these, each one of them is subjecting countries, companies and individuals to insurance premiums.鈥�

Speaking on the economic transition, he said higher inflation and higher premiums that are paid 鈥渁re setting the stage for long lower income and growth.鈥�

With regards to the Kingdom鈥檚 Vision 2030, he said it 鈥渨as designed for the world we are living today and the world we are going to live in 10-15 years from now.鈥�

During the business forum, Al-Falih noted that the US is well known to be a friend, pointing out that both countries enjoy 鈥渇antastic鈥� relationships that go back to the 1930s.

Most recently, an escalating dispute over the decision by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, to cut oil production has put the US and 抖阴短视频 in a tug of war.