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New Saudi oil "owners" statement Shi bao oil great-power status

New Saudi oil "owners" statement Shi bao oil great-power status

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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New Saudi oil "owners" statement Shi bao oil great-power status

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

Saudi Arabia's new "oil owners" khaled Farley Hector 8, said in a statement of the current "stable" will continue to Saudi oil policy. "In addition, we will remain committed to maintaining (Saudi Arabia) in the role of the international energy market, and strengthen the status as the world's most reliable energy supplier," he added. As the world's largest oil exporter, Saudi revenues of more than 70% from the oil industry. International oil prices fell more than 60% since June 2014, Saudi Arabia appeared in nearly a decade of rare tight situation.

Saudi Arabia's king salman bin abdul aziz 7 orders, announced a massive government adjustment and appointments, among them, the oil and mineral resources reorganization for energy, industry and mineral resources, replaced by Farley Hector ali al-naimi this department as a minister. The move is considered for the implementation of "Saudi Arabia 2030 vision" pave the way for economic reform plan. Farley Hector said the huge reform "will help to Saudi Arabia to better meet the demand of domestic and foreign energy", at the same time, energy and other resources integration, make Saudi economic diversification development.

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