Saudi Arabia promised to significantly increase oil production


The Kingdom also intends to strengthen its presence in the global market this year.

These statements were made by the head of the state oil corporation Saudi Aramco Amin Nasser.

In particular, according to him, one of the oil fields in the south-east of Saudi Arabia will increase oil production by one third – to 1 million barrels per day. This is reported by RBC with reference to Bloomberg.

Riyadh follows its policy of retaining the market share, and refusing to cut production. At the same time, Saudi Arabia started to reduce its dependence on energy exports.