Saudi Oil Minister: Saudi Arabia will not reduce oil production

SHAFAQNA (Shia International News Association) – Ali Alnaimi, Saudi Oil Minister told Reuters: We have no plan for reducing oil production till the next OPEC meeting. He added: Saudi’s current oil production is between 9.6-9.7 million barrel per day and the same level will be maintained during the coming month. The oil price has decreased to record low in recent months and despite efforts in OPEC, Saudi Arabia is not willing to cut its production in order to stablise the oil price in the international market.

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