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Commodities Briefing - Categorized | Energy, Listings/IPO/Stock Market, Oil more

Saudi Aramco Boss Says Drilling, IPO Unaffected by Oil Price

Posted on 21 July 2016

Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s chief executive officer said, signaling that the world’s biggest oil exporter will continue to protect its market share.
Saudi Arabian Oil Co., known as Saudi Aramco, will keep investing in oil projects for the long term, and its sales to buyers in East Asia are rising, Amin Nasser told reporters Wednesday at a signing ceremony for a gas-processing plant near the eastern city of Jubail………………………………………..Full Article: Source


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