Saudi Arabia’s new energy minister has moved to reassure oil markets that production cuts co-ordinated with Opec and Russia would remain in place, as the kingdom accelerates plans for a listing of its state-owned oil company.
In the first public comments by Prince Abdulaziz bin Salman since he replaced the respected Khalid al Falih as energy minister, he said his arrival would not derail the kingdom’s goals, with co-operation with Russia and other producers set to continue “for the long term”.
Speaking on Monday in Abu Dhabi, Prince Abdulaziz also stuck to the view that Saudi Arabia must be allowed to enrich uranium as part of its plans to build nuclear power stations, a possible stumbling block with its ally in Washington.
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