The Ambassador of the Kingdom of Saudi Arabia to US, Prince Turki Al-Faisal affirmed that Saudi Arabia continues to fulfill its commitment to providing oil since it is the largest dependable oil producer in the world. While participating in a seminar entitled " Exploring the Future of Arab-American Energy Relations", Prince Turki Al-Faisal said that the rising prices of oil are due to instability in the Middle East and shortage of production of refineries especially in the US and not because of shortage of oil production. Prince Turki Al-Faisal reiterated the Kingdom's commitment to invest in the field of increasing its production facilities to meet the world's future needs of energy, pointing out that Saudi Arabia is now the leading oil producer. Directors of the largest American oil companies participated in the seminar, who stressed the importance of Arab-American relations and cooperation in the field of energy. They also affirmed that the bolstering of these relations is crucial to achieve economic and social growth and stability in the whole world.
