Saudi Aramco plans to extract oil around the world


Saudi Minister of Energy, Khalid al-Falih, announced plans of Saudi Aramco, a state-owned company, to switch from oil production at the country's fields to exploration and production around the world, the Financial Times writes. Thus, the strategy of Saudi Aramco will change and become similar to strategy of such large oil producers as Shell and Exxon Mobil. Responding to a question about the attitude to the NOPEC bill being prepared in the USA and directed against the cartel, the Saudi minister said that he considered this law, if adopted, to be harmful to the world economy. According to him, the adoption of such a law will impede the operational regulation of oil production by Saudi Arabia, to which the country has resorted to balance the oil market.

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