Abdulaziz bin Salman: We Plan to Raise Saudi Pipeline Capacity to 10 Million Barrels Daily in 3 Years

- Fear has no place in the Saudi lexicon, and Riyadh is the capital of energy security.

- The Kingdom’s commitment to enhancing citizen prosperity and developing international partnerships will not be affected by current challenges.

- We will continue to invest in all reliable and renewable energy sources, electricity grids, storage, gas, and infrastructure.

- We have tested the resilience of our infrastructure, the efficiency of our institutions, and their ability to respond swiftly to changes.

- The rapid restoration of operational activities after facing risks is the result of planning and accumulated expertise possessed by Aramco.

- The resilience achieved was not a product of the moment, but the result of decades of investment in transport networks, supply chains, and human development.

- The Kingdom continues its global role with responsibility, wisdom, and openness to build a secure energy future.

- Saudi Arabia represents an exceptional model in rapid economic and developmental transformation.

Among the most prominent transformations currently witnessed by the global energy sector, ranging from supply security and sustainability issues to innovation and modern technologies, Riyadh hosted today, Monday, the proceedings of the 25th World Petroleum Congress for the first time in the Kingdom’s history, under the theme “Pathways to an Energy Future for All.”

The conference convened with the participation of energy ministers, hundreds of chief executive officers, senior officials, policymakers, and experts from around the world, forming an international platform to discuss energy issues and pressures, thereby enhancing Saudi Arabia’s position as a global hub for dialogue on the future and security of energy.

On this occasion, Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman affirmed that Saudi Arabia has faced significant challenges throughout its history, but has always proven its ability to overcome them with determination and resolve. He emphasized that fear has no place in the Saudi lexicon, and that the Kingdom is proceeding with implementing the objectives of Vision 2030 and building a more prosperous future for coming generations.

He added that Saudi Arabia represents an exceptional model in rapid economic and developmental transformation, noting that no other country has achieved such a degree of transformation within a short period as the Kingdom has, a responsibility that places upon it the duty to continue working to ensure a better future for children and grandchildren.

Prince Abdulaziz bin Salman confirmed that Riyadh’s hosting of this global event reflects its status as the “capital of energy security,” pointing out that the presence of senior officials and experts from various parts of the world is evidence of the international confidence the Kingdom enjoys, and its ability to ensure the security and safety of its guests even amid current regional circumstances and challenges.

He indicated that Saudi Arabia is advancing in strengthening global energy supply security by expanding alternative oil transport routes, revealing plans to increase pipeline capacity to approximately 10 million barrels per day within the next two to three years.

He noted that achieving this goal represents a prominent example of the Kingdom’s long-term strategic vision and enhances Saudi Arabia’s ability to supply global markets with energy even under exceptional circumstances.

Prince Abdulaziz bin Salman clarified that the holding of the conference comes at a time when the importance of international dialogue and cooperation is increasing, explaining that the risks facing the global energy system have not ended, but rather require more joint work and collective responsibility to maintain supply security and market stability.

The Minister stated that the Kingdom has recently tested the robustness of its infrastructure, the efficiency of its institutions, and their ability to respond quickly to changes, noting that the achieved resilience was not a product of the moment, but the result of decades of investment in infrastructure, transport networks, supply chains, and human capital development.

He clarified that the speed of restoring operational processes when facing risks is the result of planning, investment, and accumulated expertise, with Saudi Aramco’s expertise being paramount. Bin Salman affirmed that resilience is not limited to infrastructure alone, but also includes building a strong national industrial base and local supply chains capable of supporting the energy sector under various conditions. He noted that the Kingdom’s localization programs, such as “Iktifa,” “Nsanad,” and the Ministry of Energy’s initiatives to localize energy-related industries, have contributed to enhancing local content and developing national capabilities.

The minister pointed out that Aramco announced achieving 70 percent local content in its purchases of goods and services, reflecting the success of the Kingdom’s efforts in building an integrated industrial system capable of supporting energy security and enhancing crisis response.

He emphasized that human capital remains the most crucial pillar in achieving operational resilience, stressing that pipelines and power plants do not resume operations automatically; rather, they rely on national competencies and technical and engineering expertise capable of addressing challenges, restarting operations, and ensuring the continuity of supplies.

Bin Salman stated that the Kingdom’s strategic strength is based not only on its natural resources but also on its expertise, knowledge, human capabilities, and firm resolve. He noted that the resilience of the Saudi energy sector positively impacts the reliability of global energy supplies, with its benefits serving the global economy, industry, and consumers worldwide.

He added that achieving an energy future for all cannot be realized without ensuring energy security for all, affirming that supply security and an organized, realistic energy transition must proceed hand in hand, while taking into account the differing conditions, resources, and developmental needs of countries.

Bin Salman affirmed that the Kingdom will continue to invest in all reliable energy sources, alongside expanding renewable energy, electricity grids, storage, gas, and infrastructure. It will also continue developing emission reduction technologies, strengthening local industries and national supply chains, and investing in human capital.

The minister noted that recent events have proven the importance of advance preparedness and capacity building before crises occur, explaining that a clear vision alone is insufficient; it must be accompanied by advance planning, solution development, institutional readiness, and the ability to respond quickly to changes.

He stressed that the Kingdom is firmly committed to achieving the targets of Vision 2030, continuing to invest in the energy sector and industrial infrastructure, enhancing citizen prosperity, and developing international partnerships, affirming that these commitments will not be affected by current challenges.

Nawaf Al-Saud: We restored 80 percent of our oil production before the war

Agencies - Sheikh Nawaf Al-Saud Al-Sabah, Vice Chairman and CEO of Kuwait Petroleum Corporation, said that production has reached 80 percent of pre-war oil production levels, with the remaining shortfall due to the unavailability of shipping routes.

He highlighted the corporation’s role in supporting energy security and contributing to global market stability, adding that current challenges underscore the strategic importance of the Arabian Gulf region in the global energy security system, emphasizing the importance of maritime corridor security and supply chain integrity.

The corporation’s participation comes amid a commitment to strengthen cooperation with international partners and exchange views on challenges facing the oil and energy industry, while showcasing Kuwaiti oil sector projects and their role in meeting global market needs.