World Petroleum Council President: Energy security key to economic growth and social stability
President of the World Petroleum Council emphasizes importance of energy security and sustainable investments during opening of 25th conference in Riyadh
Translated by Qiyas from كونا — Original source
Riyadh, 12 October (KUNA) -- World Petroleum Council President Pedro Miras affirmed on Monday that energy security is fundamental to achieving economic growth and social stability, and that success in the energy sector’s transition requires steady and sustainable investments. He made these remarks during his speech at the opening of the 25th World Petroleum Conference, held in the Saudi capital Riyadh under the theme “Pathways to an Energy Future for All,” according to the Saudi Press Agency (SPA).
Mirás highlighted the Kingdom of Saudi Arabia’s pivotal and leading role in developing global energy systems through increased investments and vital innovations, pointing to the role of artificial intelligence, digitalization, new fuel options, and carbon capture technologies in shaping the sector’s future. He stressed the importance of international cooperation to achieve shared goals in the energy sector, emphasizing that collective action is the optimal solution to ensure a secure and sustainable future for all.
The Kingdom is hosting the conference for the first time in its history, which spans more than 90 years. The event will continue until next Thursday and will discuss supply and market security, investment, technologies, innovation, sustainability, and human capacity development.
The conference program includes ministerial dialogues and strategic and technical sessions addressing developments in energy markets, investments, modern technologies, carbon management, natural gas, critical minerals, digital transformation, and artificial intelligence.
A parallel exhibition covering an area of approximately 50,000 square meters will feature participation from countries and major companies, showcasing the latest technologies and solutions across various energy fields.
The conference coincides with the technical meetings of the 17th Clean Energy Ministerial Meeting and the 11th Ministerial Meeting of the Innovation Mission initiative, as part of the Riyadh Energy Week events. (End) K.N.S./N.S.A.
