Saudi Arabia has pledged to “significantly increase” oil – RBC

The head of the state oil company Saudi Aramco Amin Nasser

Photo: Reuters / Pixstream

Saudi Arabia plans to” significantly increase “production of crude oil in 2016, and intends to strengthen its presence in the global market, said Tuesday the head of the state oil company Saudi Aramco Amin Nasser

As said Tuesday at a meeting with journalists, the head of the state oil corporation Saudi Aramco Amin Nasser, Saudi Arabia, the largest oil exporter, is ready to increase production at some fields and to strengthen its presence on the world market. In particular, in the field puck in the south-eastern borders of the kingdom of oil production will increase by a third, up to 1 million barrels. daily, reports Bloomberg.

According to Nasser, the energy market has a lot of calls, although “growth opportunities we do exist».

Since 2014 Riyadh chose to yourself tactics to preserve their share of the world oil market, refusing to cut production volumes. At the same time, Saudi Arabia has started to reduce its dependence on energy exports.

At the beginning of 2016 it became known that several OPEC countries, including Saudi Arabia and Russia have agreed to freeze the production level at the January level. However, in mid-April, during the negotiations on the freezing conditions of the final agreement has not been reached.

On Saturday, King Salman bin Abdul-Aziz Al Saud issued a decree dismissed the head of the oil ministry, Ali al-Nuaimi, a He renamed the Ministry itself. Minister of Energy, industry and mineral resources became Khaled Al-Faleh, who had been Chairman of the Board of Directors of Saudi Aramco. “We remain committed to maintaining our role on the international energy markets and strengthen our position as the most reliable supplier of energy in the world”, – said on Sunday al-Faleh

Iran -. The main regional rival Saudi Arabia – also It is increasing its exports. According to Morgan Stanley analyst Adam Long Son, in recent months, the growth of exports from Iran exceeded expectations. This may facilitate the accession of Iran to freeze production of the leading oil exporters, Long Son said.