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Saudi Arabia Not at Risk of Being Oil Importer, Analyst Says

Saudi Arabia, the world’s No. 1 crude exporter, can boost its output capacity and isn’t at risk of becoming a net importer of oil, an energy analyst said, rebutting a report by Citigroup Inc.

Mohammad Al-Sabban said a Citigroup study published on Sept. 4 assumes that Saudi Arabia will maintain its production capacity for years at the current level of 12.5 million barrels a day. Such a forecast is “unrealistic,” said al-Sabban, who also works as his nation’s chief negotiator on climate-control issues.