Riyadh:The 25th World Petroleum Congress (WPC) Energy Congress commenced in Riyadh, inaugurated by Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy and Minister of Industry and Mineral Resources. This event, held for the first time in Saudi Arabia, runs until October 15 and focuses on key issues in the energy sector such as supply security, market dynamics, investment, technology, sustainability, and human capital development.
According to Saudi Press Agency, the congress gathers senior officials, industry executives, investors, and energy professionals from Saudi Arabia and worldwide. Prince Abdulaziz highlighted the Kingdom's commitment to overcoming challenges and shaping its future, emphasizing energy security and resilience. He noted Saudi Arabia's long-term investments in infrastructure and human capabilities to ensure business continuity amid global supply chain disruptions.
Prince Abdulaziz stressed that resilience in energy systems involves preparedness and the ability to maintain operations under pressure. He affirmed the importance of energy security in advancing the transformation of the energy sector and reiterated the Kingdom's dedication to initiatives aligned with Saudi Vision 2030. This includes investments in oil and gas, renewable energy, and infrastructure, as well as international partnerships.
WPC Energy President Pedro Miras emphasized Saudi Arabia's pivotal role in global energy, noting the importance of technology and innovation in securing energy security and supporting economic stability. He highlighted the need for international cooperation in achieving sustainable energy goals and the role of new technologies in the sector's transformation.
The congress features ministerial dialogues and sessions on energy markets, investment, technology, and more. An exhibition showcases the latest technologies from countries and companies across approximately 50,000 square meters. The event coincides with the 17th Clean Energy Ministerial and the 11th Mission Innovation Ministerial, forming part of Energy Week in Riyadh.
WPC Energy, founded in 1933, provides a platform for dialogue and cooperation in the energy sector, with members from over 60 countries. The congress is supported by partners such as Saudi Aramco, King Abdullah Petroleum Studies and Research Center, Saudi Basic Industries Corporation, and Saudi National Bank.