We will raise oil exports soon to exceed 10 million barrels

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Source: Arabic.net

Saudi Energy Minister Prince Abdulaziz bin Salman said that the Kingdom will raise oil exports during the next few months to more than 10 million barrels per day.

He pointed out that the increase in crude exports is due to the exploitation of the gas produced in the Al-Fadhili plant to compensate about 250 thousand barrels per day of domestic oil consumption, according to what was reported in “Reuters”.

Thirteen US Senators, led by Dan Sullivan and Kevin Kramer, sent a message to the Saudi crown prince, Prince Muhammad bin Salman bin Abdulaziz Al Saud, urging Saudi Arabia to halt recent efforts to boost oil production as oil prices plunge, as it struggles The United States and the rest of the world are the economic impacts of the Corona “Covid 19” pandemic.

The message comes in an appeal to the Saudi crown prince to slow down some of the measures taken by the Saudi Ministry of Energy, which would have stopped the rise in global crude oil prices.

“Since the United States and the rest of the world – including Saudi Arabia – are dealing with the pandemic response, mitigating and preventing it, the additional impact of unstable global energy markets is an unwelcome development,” Senators wrote.

Appeal for reconsideration

The 13 members who signed the letter and affiliated with the Republican Party asked the Saudi crown prince to seek to calm the turmoil in the global oil markets, by reviewing the decisions to reduce Saudi crude oil prices and boost production with a view to curbing the panic that swept the global markets, according to “Politico”. “.

The message included “The United States has always been a strong and reliable partner for Saudi Arabia for decades. In light of this close strategic relationship, we express our interest in seeing directives from the Saudi Ministry of Energy to reduce crude oil prices and increase production capacity, in order to calm price turmoil in markets.” Global oil, which was at the top of the financial markets that were already hit. ”

They mentioned that Saudi Arabia is a force for stability in global markets.

US lawmakers urged the kingdom to assert its constructive leadership role toward restoring the stability of the global economy by calming economic turmoil in the oil and gas sector at a time when countries around the world are responding to the epidemic.

Upcoming meeting

The legislators expressed their aspiration to the next meeting with the Kingdom’s ambassador to the United States, Rima Bint Bandar Al Saud, to discuss these issues at length and to continue the dialogue and ongoing work on this vital issue.

The past few days have seen contacts by Senator Sullivan, his colleague Kremer, and others with US administration officials and the US ambassador to Saudi Arabia John Abizaid to reinforce the position of members of the Senate calling on Saudi Arabia to work with the United States to stabilize and halt the sharp decline that has caused panic among its producers. Oil around the world.

Senators Sullivan, Kremer and other members, and the Saudi ambassador in the US capital, Princess Rima Bint Bandar Al Saud, will meet for further discussions on the same topic and related issues.

It is noteworthy that among the signatories are representatives of the oil-rich states of America, Texas and Alaska.







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