ENERGY MINISTER AFFIRMS COMMITMENT TO VISION 2030

“It is not unthinkable” that the price of oil could jump to $60 per barrel by the end of the year, said Saudi Minister of Energy, Industry, and Mineral Resources Khalid Al-Falih in recent remarks at the 23rd World Energy Congress in Istanbul. According to Al-Falih, the fluctuating price of oil has not affected the Kingdom’s preparations to implement the Vision 2030 plan, which will diversify the Saudi economy and invite investment across a broad array of sectors.