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Saudi can offset any Libya oil supply gap: IEA chief

Posted on 03 March 2011

From AFP: Saudi Arabia is capable of offsetting any shortfall in global oil supplies due to the current turmoil in Libya, the head of the International Energy Agency (IEA) said Wednesday.

Saudi Arabia “can supply any gap. Even if Libya may stop exportation totally … Saudi (Arabia) can offset or Saudi (Arabia) can (make up) … this oil demand,” Nobuo Tanaki told reporters…………………………………….Full Article: Source


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