Saudi energy minister meets IEA executive director

The discussion between Dr Birol and Al-Falih focused on the state of global oil markets, including the need for investment to meet continued growth in demand and to offset declines from mature fields.

IEA executive director Dr Fatih Birol (left) and Khalid A Al-Falih, Saudi Arabias minister of energy, industry and mineral resources. (Image courtesy: IEA)
IEA executive director Dr Fatih Birol (left) and Khalid A Al-Falih, Saudi Arabias minister of energy, industry and mineral resources. (Image courtesy: IEA)

Marking the first visit by a Saudi energy minister to the International Energy Agency (IEA), Khalid A Al-Falih, Saudi Arabia’s minister of energy, industry and mineral resources, met with IEA’s executive director Dr Fatih Birol at the IEA Headquarters in Paris, to discuss global oil market developments and IEA-Saudi co-operation.

The discussion between Dr Birol and Al-Falih focused on the state of global oil markets, including the need for investment to meet continued growth in demand and to offset declines from mature fields. Dr Birol noted the importance of Saudi Arabia, the world’s leading oil exporter, with respect to the stability of global markets.

They also discussed how they can expand their cooperation in other areas such as improving energy efficiency, increasing the contribution of solar to the global energy mix and reviewing the role played by nuclear power.

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