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Saudi Arabia is a major producer and exporter in global energy markets. Minister of Energy Abdulaziz bin Salman announced the country's stance on energy security and supply chain at the 17th International Energy Forum.
Saudi Arabian Energy Minister Abdulaziz bin Salman emphasized that his country will continue to meet the global energy supply under all circumstances.
According to the statement made by the Saudi Arabian Ministry of Energy, Bin Salman spoke at the opening of the 17th International Energy Forum (IEF17) Ministerial Meeting, hosted by his country with the participation of Italy and Nigeria.
Speaking at the meeting, which took place at a time when tensions were experienced in the region and energy markets were negatively affected, Bin Salman stated that Saudi Arabia has the capacity to prove the reliability of energy supply, continue to invest and fight against difficulties.
Minister Bin Salman emphasized that Saudi Arabia will continue to meet the global energy supply under all circumstances.
Stating that Riyadh has become the capital of global energy security, the Saudi Minister noted that the East-West oil pipeline is a strategic move that increases the flexibility of the energy system and offers an alternative transportation route through the Red Sea.
Bin Salman stated that ensuring energy security is an international responsibility and that Saudi Arabia has adopted a comprehensive approach covering oil, gas, renewable energy, nuclear and geothermal energy.
Ministers and sector representatives attending the meeting stated that they were in solidarity with Saudi Arabia after the attacks targeting civilian infrastructure, and that the organization of the summit in Riyadh showed the country's resilience to crises.
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The Oruç Reis ship reached the coast of Kyrenia in the 101-kilometer natural gas pipeline project from Türkiye to TRNC. While Greece sees this step as retaliation, Israel's acquisition of the Greek Cypriot stock exchange is also progressing.
While the liter price of diesel was increased by 6.39 TL, a 96 kurus discount was applied per liter of gasoline. New fuel prices were reflected in pump sales prices on Saturday, October 10.

With the decision of EMRA, advance payments of some electricity distribution and supply companies have been postponed until the invoice due date and default interest will not be applied.
Due to the cost pressure in the international diesel market, the liter price of diesel was increased by 6.36 TL, while the liter price of gasoline was reduced by 96 kuruş.