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Saudi Arabia does not intend to cut oil production

The Minister of oil of Saudi Arabia Ali al-Naimi ruled out the possibility of reduction of volumes of oil production in his country.

According to him, the reduction in production volumes due to crisis of confidence between the major countries-exporters of oil.

However, al-Naimi declared his intention to achieve agreement on the freezing of oil production at the current level.




Saudi Arabia does not intend to cut oil production 24.02.2016

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