(ANSAMed) – BEIRUT, MAY 30 – Saudi Arabia has appointed Foreign Minister Adel Jubeir as its first special envoy for the climate in the last few hours, at a time when the Arab kingdom in the Gulf has also announced that it intends to gradually increase the daily oil production.
The media in Riyadh this morning reported the news of the appointment of Jubeir, former Saudi ambassador to Washington, to reconcile two objectives that, according to various environmental analysts, appear to be in conflict with each other: to reduce emissions and increase production of crude oil.
In recent months, at the COP26 International Climate Change Summit in Glasgow, Riyadh committed to achieving net zero carbon emissions by 2060.
Saudi energy minister Abdulaziz bin Salman, however, said in early May that the country plans to increase its daily oil production capacity by more than one million barrels, to exceed 13 million barrels by 2027. .
And at the recent world summit in Davos, Saudi Minister of Economy, Faysal ben Fadel Ibrahim, defended the choice of Riyadh: the reduction of emissions and the increase in oil production are not at odds, he said.
“We focus on both energy security and climate change.”
In light of the global energy repercussions of the war in Ukraine, Saudi Arabia, the world’s largest oil exporter, is benefiting from the rise in crude oil prices. In early May, Riyadh announced that economic growth in the first quarter of 2022 increased by 9.6% compared to the same period in 2021. According to the Saudi authorities, this figure represents “the highest growth rate of these last ten years “.
At the same time, Saudi Arabia did not respond to US requests to increase oil production now to reduce crude oil prices, but said it was willing to comply with the agreements made within the Organization of the Petroleum Exporting Countries (OPEC +). , driven by Riyadh and Moscow. (ANSAMed).
Source: Ansa
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