term funding. I would like to point out the important future role assigned to our countries and companies in the development of the energy sector and the oil industry in the Arab region. This development requires billions of dollars for funding new discoveries, sustaining and seeking to increase the current production level, maintaining excess production capacity in order to stabilize the market, in addition to supplying funds for downstream projects, the creation of added value, and the development of human resources through education, training and qualification of Arab youth. Perhaps it would be fitting here to mention the role of the Kingdom of Saudi Arabia in the stability of the oil market, and its continued willingness and prompt, assiduous efforts to cooperate with all oil producing and exporting countries, both from within and outside OPEC, in order to maintain market and price stability. The Kingdom remains a highly reliable and major oil exporter, and it invests domestically in all the stages of the oil industry, in the fields of exploration, production, and refining; and internationally in the areas of transportation, storage, and downstream activities such as refining, distribution, and manufacturing. --More 13:18 LOCAL TIME 10:18 GMT تغريد
