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Faleh: Saudi Arabia will not destroy the production of oil itself



Dammam – Essam Hassan

"Saudi Arabia will not stop its own oil production just to stabilize the market," said Khalid Al-Falih, Saudi Energy, Industry and Mineral Resources Minister. A member of Nigeria, OPEC, also said it was too early to comment on whether to take part in any decision to reduce production. "He said.

"There are positive signs from members of OPEC Iraq, Nigeria and Libya before the meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on 6 December because all ministers want to return," said Faleh Abuja at a meeting with Nigerian oil minister Emmanuel Ebe Kachiko. Stability of the oil markets ".

"It is too soon to say whether Nigeria is involved in any cuts," he said.

Faleh recently said that "the amount of oil reserves may require OPEC and its allies to take steps to reduce production in 2019."

Nigeria was liberated from the previous round of cuts that began in 2017, due to a significant decline in production due to riots, and since then the country's production has recovered.


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