VOL. XXXVIIINO. 928-NOVEMBER-1994

Saudi Arabia

Saudi Arabia Has No Plans For Additional Production Capacity

Saudi Arabia has no plans to expand its production capacity beyond thepresent level of 10mn b/d, Saudi Oil Minister Hisham Nazer told MEES in Balilast week (for text of interview see page A4).

Questioned on this subject, the Saudi Oil Minister gave the following reply:"We have no plans for additional capacity. It all depends, again, on demandin the market. We have seen discrepancies between...