(MENAFN- Arab Times) AS soon as the Kingdom of Saudi Arabia made an announcement
regarding the terrorist attack on oil facilities from known sources, social
media sites were bombarded with analyses and interpretations concerning
situation of the global oil market.
However, the Saudi administration that has the news of
certainty allayed fears right from the highest authority, saying the attack
will not affect supply. Some people even believed the crisis was a Herculean
task for newly appointed Oil Minister Prince Abdulaziz bin Salman at the
beginning of his assignment to the portfolio. Opportunists went deeper with an
impression that it was a difficult task for him.
These people do not know Prince Abdulaziz or his history, so
they were quick to judge his appointment as head of one of the most important
sectors in Saudi Arabia. They claimed the appointment was meant to appease him
as the son of King Salman bin Abdulaziz.
Such prejudgment is false … far from the truth. Therefore,
these people might have been surprised by the press conference organized by the
new minister. It was extremely transparent and he spoke with clarity, not the
stereotype that journalists used to hear from previous ministers, as he said
what they never anticipated.
Abdulaziz bin Salman is the first from the ruling family to
oversee the ministry. He is not an outsider, because he worked in the sector
for several years and he acted as minister of State for three ministries. He
recorded massive successes in overcoming obstacles in the past few years to
seal pacts with OPEC and non-OPEC oil producers (OPEC+), during which oil
ministers in and outside OPEC discovered his strong persuasion ability and
sagacity in that aspect.
A proverb says: 'Whoever is engaged in a profession which
matches his hobby is successful.' Abdulaziz bin Salman obtained Master's Degree
in Industrial Management and Bachelor's Degree in Industrial Business
Administration. He has been working in that field since his graduation, so it
is not a strange terrain for him. He would not have been appointed to the
position if he failed to prove himself over the years.
What the man said in the press conference reassured the
importers who have known him to be truthful over the years. This affirmed that
the Kingdom is capable of fulfilling its obligations. They also understood that
the transparent manner by which he spoke means there is a new era in Saudi oil
administration strategy.
This frank and responsible position indicates one fact —
Saudi Arabia remains a peacemaker diffusing all mines which could be planted by
evil hearts to cause instability. It stems from the philosophy that oil is a
global commodity surrounded by disputes and alliances, so it is not as much a
property for the producer like the consumer who must protect the commodity.
Thus, the statement of Abdulaziz bin Salman that the attack
on ARAMCO affects the international market, including customers who do not buy
oil from the Kingdom, is a warning to the international community which should
not slack in protecting its interests and this begins with protecting the
interests of Saudi Arabia.
By Ahmed Al-Jarallah
Editor-in-Chief, the Arab Times
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