Petroleum and Mineral Resources Minister Ali Al-Naimi

Petroleum and Mineral Resources Minister Ali Al-Naimi has underlined the importance of energy in the economic and social growth, saying that all peoples of the world have the right to have reliable stable energy sources.

He also said that the fossil fuel will continue to play its important role in the consumed energy mix for several coming decades; that the fossil fuel is useful, but the damage caused by its emissions that can be addressed through technology, not by leaving it underground.

The minister made these remarks while speaking at the Bali Clean Energy Conference, which was held today in Bali, Indonesia.

Al-Naimi added: ”Saudi Arabia is working individually or in cooperation with other countries on researches of technology for reducing emissions and their development by carbon capture and sequestration for example, as well as the Kingdom is working to reduce the harmful emissions through laws and regulations that restrict and regulate the process of energy consumption in the country.”

Al-Naimi said that the Kingdom is active through universities and research centers in the development of renewable energy.

The Saudi minister said: “The Kingdom realizes the importance of renewable energy in the energy mix in the future, as well as shifting to clean energy and dealing with emissions by the use of fossil fuel energy, and we realize that we are in need of renewable energy for the progress of mankind and its future.”

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