The chairman of Saudi Arabia’s oil and gas company Aramco, Yasir al-Rumayyan, said on Thursday that Saudi Arabia’s East-West pipeline has been essential in protecting the country’s economy during the Iran war.
Al-Rumayyan, who is also the governor of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said during the FII PRIORITY Europe summit, hosted in Rome and organized by the Saudi non-profit Future Investment Initiative Institute, which is backed by PIF, that had it not been for previous planning in Saudi Arabia, the consequences could have been much worse.
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He said the pipeline has given Saudi Arabia and the world a new lifeline.
“In Saudi Arabia, we think in years and decades, rather than just quarters,” al-Rumayyan said.
