Moscow. June 11. INTERFAX.RU Saudi Arabia intends to increase oil supplies in the United States, said the Minister of energy of the Kingdom, Khalid al-falih.
“Saudi Arabia will continue not only to export but also to increase exports to the United States,” he said during a press conference at the Ministerial energy conference in Astana on Sunday.
“The U.S. market will be the key to the Kingdom,” said the Minister.
He recalled that “we recently announced the acquisition of refineries in the U.S. with capacity of 600 thousand b/d, and our intentions are to use it for the growth of supplies”.
“Their oil (the United States – if) sent to other places, and we are reducing slightly our production and deliveries under the agreement (OPEC+ – if), but in the long run it will not affect our commitment to our trend of development of market of Saudi Arabia to the United States. As I said, we continue to maintain significant investments from $15 to 18 billion,” said Khalid al-falih.