Budget Forum promises increased stability in oil, tourism and investment sectors

JEDDAH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman outlined the challenges the Kingdom has faced as a result of the coronavirus (COVID-19) pandemic, at the virtual Budget 2021 Forum on Wednesday.

He said the recent OPEC+ agreement had “rescued” the global oil industry and that, at time when other countries shied away from making decisions during OPEC meetings, the Kingdom stood firm, proving its resilience and understanding of the oil industry.