No dip in oil demand, exports - Saudi's Naimi

DUBAI Sun Oct 9, 2011 8:53pm IST

Saudi Arabia's Oil Minister Ali al-Naimi looks at documents at the beginning of an OPEC meeting in Vienna, June 8, 2011. REUTERS/Heinz-Peter Bader/Files

Saudi Arabia's Oil Minister Ali al-Naimi looks at documents at the beginning of an OPEC meeting in Vienna, June 8, 2011.

Credit: Reuters/Heinz-Peter Bader/Files

Related Topics

DUBAI (Reuters) - Saudi Arabia sees neither a decline in global oil demand nor a reduction in the kingdom's exports due to increased output from Libya, Oil Minister Ali al-Naimi said on Sunday.

"I don't think it will decline because, even with the global economic situation, the expectation for 2011 is still 1 million barrels more than 2010 and expectations for 2012 it is between 1.1 million barrels and 1.3 million barrels," Naimi said in an interviewed on television channel Al Arabiya.

"The policy of the kingdom is to meet its client's demands, (if) they demand for more we increase output, if they demand less we decrease output," Naimi added.

Naimi also said the kingdom was working to increase gas supplies.

(Reporting by Mahmoud Habboush and Asma Alsharif)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage