Crown Prince speaks on key issues in Spanish ABC newspaper interview 6 Jeddah

  • 12/15/2022
  • 18:30
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Q: It seems that the Lebanese crises has reached a settlement after Doha meetings, it is believed that a Saudi role has contributed to reaching this solution, to what extent Saudi Arabia is linked with the Lebanese internal affair? A: "In line with the desire of the Kingdom of Saudi Arabia in the prevalence of security and stability in all Arab fraternal countries, the Kingdom has been supporting Lebanon since its independence at all circumstances. In line with its efforts to keep Lebanon away from the state of civil war, the Kingdom has exerted all what it can within the framework of the joint Arab effort for supporting dialogues and meetings of Doha among the Lebanese parties. The laudable efforts exerted by Qatar, the Arab League's Council and the Arab Committee, formed in line with the recommendation of the Arab Foreign Ministers Conference, held in this respect in Cairo at the invitation of the Kingdom of Saudi Arabia and Egypt, and facilitated the reaching of this agreement. As it is well-known the Kingdom of Saudi Arabia has contributed to ending the civil war in Lebanon through Taif agreement, so it is never a strange matter if the Kingdom comes near the Lebanese people and exerts its efforts to help them overcome their differences." Q: The price of a barrel of oil was $7 in the seventies, and then it jumped to $26 before five years, but now it has exceeded $100, can you tell us what is taking place in the oil market, and are the old prices not liable for return? A: "What determines the price of oil depends on various factors at the market, supply and demand, as well as the level of the commercial stockpile in the consuming countries. The price of oil is affected by the political turmoil and the situation of the international financial market and the policies of the consuming countries and other elements. There is another element which has a clear adverse impact, namely the behavior of the speculators. So, the consuming countries should review this matter for containing fluctuations in prices.--MORE www.spa.gov.sa/562190

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