18.07.2016 - Saudi always reacts to oil supply and demand, watching market - minister
Saudi Arabia's energy minister said on Sunday the kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments. Khalid al-Falih also said that final agreements with foreign investors taking part in state oil giant Saudi Aramco's IPO huge ship repair and shipbuilding complex that it is developing at Ras al-Khair would be signed "over the next few weeks and months". The complex, on the kingdom's east coast, is due to be fully operational by 2021. Lamprell, Aramco, National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries signed a potential partnership agreement relating to the yard earlier this year...............................................Full Article: Source
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