The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Saudi prince says he could add a million barrels immediately

Pubdate:2016-04-18 10:50 Source:mcc Click:
DIRIYAH, Saudi Arabia (Bloomberg) -- Saudi Arabia could raise crude production by more than a million barrels a day immediately, said the kingdom’s Deputy Crown Prince, as he reiterated the nation would only agree to freeze production if all major producers including Iran do the same.
 
The world’s largest oil exporter could increase output to 11.5 MMbpd immediately and go to 12.5 million in six to nine months "if we wanted to," Prince Mohammed bin Salman, who is also chairman of the Supreme Council of Saudi Arabian Oil Co., said in an interview Thursday. The country pumped 10.2 MMbopd last month, according to data compiled by Bloomberg.
 
If the kingdom chose to increase investment in its oil industry, total production capacity could be increased to 20 MMbopd, the prince said at King Salman’s private farm in Diriyah, the original home of the Al Saud royal family.
 
“I don’t suggest that we should produce more, but we can produce more,” said the prince, who is the king’s son, second in line to the throne and a leading force in the country’s economic policy. “We can produce 20 MMbopd if we invested in production capacity, but we can’t produce beyond 20 million.”
 
Record Production
 
The prince’s comments come as at least 18 nations prepare to gather in Doha on Sunday to discuss freezing output at January levels in order to stabilize an oversupplied market. He reiterated that Saudi Arabia’s commitment to a production cap would depend on the participation of other nations including Iran. Iran’s Oil Minister has dismissed the prospect of joining the deal as “ ridiculous” as the country boosts exports after the lifting of sanctions.
 
Saudi Arabia set a crude production record of 10.564 MMbpd in June, exceeding a previous high in 1980, according to data the kingdom submitted to the Organization of Petroleum Exporting Countries. The country ramped up output after it led the group to change strategy in November 2014, fighting for market share instead of supporting prices by cutting production.
 
Saudi production has been steady at about 10.2 million since January—the proposed level of the freeze. Russia pumped 10.9 MMbpd of crude and condensate last month, also little changed from January, according to Energy Ministry data.
 
Saudi Arabian Oil Co. has said it will press ahead with new developments and won’t cut investments because of the plunge in crude prices. The company is planning to complete an expansion of the Khurais oil field’s output to 1.5 MMbpd in 2018.
 
Saudi Arabia is producing below its potential capacity because it only responds to demand, the Prince said. "If we produced more oil than there is demand, we would destroy many markets. So we consider supply and demand, and we look at any demand we receive and we deal with it."
主站蜘蛛池模板: 88av视频在线| 国产欧美日韩一区二区三区在线 | 国内精品久久人妻互换| 免费午夜扒丝袜www在线看| 三上悠亚ssni409在线看| 美女脱了内裤打开腿让人桶网站o| 欧美性猛交xxxx乱大交高清| 婷婷色天使在线视频观看| 午夜毛片不卡高清免费| 一本到视频在线| 真实处破女系列全过程| 日产精品99久久久久久| 天天摸日日摸人人看| 国产在线高清视频无码| 大佬的365天第三季完整视频在线观看 | 兽皇videos极品另类| 久久精品亚洲精品国产欧美| 7777精品伊人久久久大香线蕉 | 特级av毛片免费观看| 国内一级毛片成人七仙女| 狠狠爱无码一区二区三区| 手机在线看片国产| 狠狠色综合网站久久久久久久高清| 天天爱天天做天天爽天天躁| 卡通动漫中文字幕第一区| 一区二区三区免费精品视频| 老妇激情毛片免费| 日本一区二区三区四区五区| 国产V亚洲V天堂无码久久久| 久久亚洲高清观看| 高high肉文| 成人欧美日韩高清不卡| 国产乱淫a∨片免费视频| 久久精品女人天堂av免费观看| 俄罗斯精品bbw| 欧美性猛交xxxx乱大交蜜桃| 国产日韩精品视频| 中文字幕无码不卡免费视频| 男女肉粗暴进来动态图| 天干天干天啪啪夜爽爽AV| 亚洲欧洲日产国码AV系列天堂|