Mubasher: Saudi Arabia is not planning to change its oil production policy, announced Oil Minister Ali Al-Naimi, adding that an increase in production depends on demand of customers.
“It is a reliable policy and we won’t change it,” Al-Naimi told reporters on the sidelines of a ceremony for signing a contract for a power generation project in Riyadh.
“We will satisfy the demand of our customers. We no longer limit production. If there is demand, we will respond. We have the capacity to respond to demand,” he said.
The minister also expected a boost in energy efficiency in future.
