Saudi energy minister says transition is complicated

Jan 12, 2022 by Energy Connects
image is Saud

Saudi Arabia’s energy minister Prince Abdulaziz bin Salman Al Saud said that the world needs to be more flexible as the transition to clean energy is "complicated".

His comments were made during a mining conference in the Kingdom, in which he also said that the country would aim to develop its nuclear programme to make use of the uranium resources.

"We should not forfeit energy security for the sake of a publicity stunt", he was quoted as saying by Reuters. “The transition needs to be a well-thought of transition.”

"Let me be very specific about it, we do have a huge amount of uranium resources that we would like to exploit and we will be doing it in the most transparent way, we will be bringing in partners," he added.

Speaking at the same event Saudi Arabia Mining Co. (Ma'aden)  chairman Yasir Al Rumayyan, and governor of Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said that the Gulf largest mining company aims to reach carbon neutrality by 2050.

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