Saudi Arabia to Keep Crude Exports Stable, Prince Says
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Saudi Arabia, the world’s biggest crude exporter, will be able to sustain the current level of shipments for the next two decades even as local demand for fuel rises, the assistant minister of petroleum said.
The kingdom will be able to keep exports at the present level until at least 2030 without adding capacity, Prince Abdulaziz bin Salman said yesterday by phone from Riyadh. The nation’s crude production capacity is 12.5 million barrels a day, he said.