Environment & Energy | Friday 1 May, 2015 11:30 am |

Custodian of the Two Holy Mosques King Salman's appointment of Crown Prince Mohammed bin Naif and Deputy Crown Prince Mohammed bin Salman would help stabilize world oil markets by strengthening political stability in the Kingdom, Ali Al-Naimi, petroleum and mineral resources minister, was quoted as saying by the SPA on Thursday.

“The royal decrees come in the national interest and impel it toward further growth and prosperity and progress and stability, and this political stability in the Kingdom will positively reflect on its economic growth, and on stability of world oil markets,” Al-Naimi was quoted as saying.

Al-Naimi said King Salman selected the two princes as future leaders considering their efficiency, capability and creativity. “As a result of its wise leadership, Saudi Arabia has been successful in ensuring adequate supply of oil to ensure international market stability.”