"Bloomberg" reveals the role played by the new Minister of Energy in oil management during the Gulf War. And how to increase oil prices after secret talks with two countries! • journal of the observatory

The Observatory: Bloomberg has published a report on Prince Abdulaziz bin Salman after a royal order appointing him Minister of Energy.

Secret conversations
The agency said the new energy minister played a decisive role in managing oil affairs during the Gulf War in 1990 and in secret talks with Mexico and Venezuela, which had resulted in a reduction in production, which had contributed to the rise in prices over the decade.
Prince Abdulaziz bin Salman was a member of the delegation of Saudi Arabia to the Organization of the Petroleum Exporting Countries (OPEC), a regular participant in the meetings of the group on production policy, enjoying a great reputation and bringing Saudi ministers closer to other members of the organization.

Avoid multiple risks against Aramco
In the same context, CNN said that Prince Abdulaziz bin Salman had an important role to play in averting several risks against "Saudi Aramco" in US courts.
The network reported that Prince Abdulaziz was leading the team of the Ministry of Petroleum and Mineral Resources to oversee US court cases against Saudi Aramco and its subsidiaries in the United States of America, as well as against OPEC.
She added: This resulted in a US court of first instance ruling, upholding this decision of the US Court of Appeals and issuing the Supreme Court's judgment dismissing these lawsuits against Saudi Aramco and its affiliates.
The risks to Saudi Arabia's interests in the United States have been avoided, including the financial losses of hundreds of billions of dollars and the forced sale of Saudi Aramco's US assets.