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Saudi Arabia not at risk of being an oil importer
- Saudi Arabia: Tuesday, September 18 - 2012 at 12:48
Energy analyst, Mohammad Al-Sabban has said Saudi Arabia can boost its output capacity and isn't at risk of becoming a net importer of oil, rebutting a recent report by Citigroup Inc., Bloomberg has reported. That forecast is "unrealistic," said Sabban, who is also the kingdom's chief negotiator on climate-control issues. "The kingdom's production capacity changed in the past, and it's changing according to the needs of global demand," he said. "It was never fixed for a very long period at a certain level."
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