World hoped to crucify top oil supplier, Saudi says

  • 📰 Reuters
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

The world was hoping to crucify Saudi Arabia as a top oil exporter, its energy minister said on the sidelines of the COP27 summit in Egypt, adding the kingdom would be closely monitoring other countries' renewable promises.

Methane emissions, although less enduring than carbon dioxide, are extremely potent, and the amount produced by the oil and gas industry wasThe minister also said the kingdom was on track to reach net zero emission by 2060 and may bring the target forward, depending on technology.

"We believe that date hopefully can be brought earlier but I just want to make sure that when we commit we deliver but our hope is to deliver ahead of time," he said.Saudi Arabia is also working on producing hydrogen using renewable energy and aims to be the lowest cost producer, Prince Abdulaziz said.

"We want to showcase ourselves as an energy exporting country, because we will be working hard in exporting hydrogen along with oil, along with liquid gases," he told Reuters. "We'll be hopefully be doing electricity too."target of 44 million tonnes by 2035, he said. Saudi Aramco signed a joint development agreement in parternship with the energy ministry on Thursday to establish a

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So they threatening now?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World hoped to 'crucify us' as top liquids exporters, Saudi energy minister saysThe world was hoping to 'crucify' Saudi Arabia as the top exporter of liquids, its energy minister Prince Abdulaziz bin Salman said on Friday at an event held on the sidelines of the COP27 summit in Egypt. MBS took on his country’s biggest challenge ever .
Source: ReutersScience - 🏆 559. / 51 Read more »