( CNN ) -- FACETIME : EXCLUSIVE Ali Al-Naimi , Saudi Arabia Oil Minister . Saudi Arabia is keeping a close eye on ongoing tensions with Iran . Iran has said it will halt shipping in the Strait of Hormuz if new sanctions are imposed over its nuclear program . In an exclusive interview , MME sat down with Ali Al-Naimi , the Saudi Arabian Minister of Oil and asked him if the Kingdom can make up for any loss in oil production if sanctions are placed on Iran . IN FOCUS : Turning Green . The Middle East sits on 54.4 % of the world 's proven oil reserves . But while the region is flushed with the black gold , many are looking into alternative sources of energy . MME was at the World Future Energy Summit in the United Arab Emirates capital , Abu Dhabi , to find out what industry leaders are doing to promote greener energy . Marketplace Middle East airs weekly at the following times ( all GMT ) : . Thursdays : 1645 , . Fridays : 0945 , . Saturdays : 0715 , . Sundays : 0615 , 1645 .
Iran is watching the ongoing tensions with Saudi Arabia closely . Ali Al-Naimi , the Saudi Saudi Minister of Oil on how the kingdom will react to sanctions . Plus , how Saudi leaders are promoting green energy .