News End-User News Saudi Arabia is Ready to Turn Valves
Saudi Arabia is Ready to Turn Valves
Monday, 16 January 2012 13:52
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With 260 billion barrels of oil, Saudi Arabia has more than double the proven reserves of Iran, its nearest competitor within OPEC.

In an interview in Dhahran, in the Kingdom’s Eastern Provence, the veteran energy minister Ali Al Naimi said the country is ready step back in as the swing oil producer if sanctions undermine Iran’s exports of 2.2 million barrels a day.

Source: CNN

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