Search SaudiArabiaPR.com

Home >> Energy and Industry

Saudi Energy Minister to Bloomberg TV: No plans to deepen oil production cuts

Monday, April 8, 2019/ Editor -  

Share

Home >> Energy and Industry
Riyadh, Monday 8 April, 2019:   Khalid Al-Falih, Saudi Arabia’s Energy Minister, said the Kingdom does not plan to deepen its oil production cuts. He added that oil markets are “healthy.” 
 
Speaking to Manus Cranny, Bloomberg Television, Al-Falih said that the OPEC+ meeting in May will be a “key” gathering. He added that it’s still “premature” to decide if they will cut inventory. 
 
Other highlights from the interview include:
  • Investor demand for Saudi Aramco’s debut dollar bond has exceeded $30 billion, Al-Falih said. The securities, which haven’t priced yet, will be the first of many debt offerings by the company.
  • Al-Falih said he still hopes that Saudi Arabian Oil Co., as the company is formally known, will proceed with an initial public offering in 2021.
  • Aramco will have a “permanent presence” in capital markets, Al-Falih said, and in a couple of years investors will be able to buy either the company’s stock or bonds.

Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

Cisco Webex Helps Customers Stay Remotely Connected and Reimagine Work

Pandora ME for Every Side of You

Nahdi Medical Company Transforms its Financial Management with Infor

Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a ...

New Comedy Jameel Competition Supports and Inspires Comedic Performers in Saudi ...

Amlak International's IPO Launches Retail Subscription With SAR 16 Share Price f ...

Cisco Launches Portfolio of Solutions to Boost Business Resiliency for the Workf ...

Code 11.59 by Audemars Piguet – New Tones of Elegance

Saudi's Housing and Construction Sector Grew 8% in 2019, Recovery in 2020 to Be ...

Panasonic Jaguar Racing Management Team Discuss Formula E's Return to Racing in ...

Updates to Transfer Pricing in Saudi Arabia

Preparing for a New Post-pandemic Economic Era in Mena

A Lincoln That Gets You: How SYNC® Understands Your Commands'

Cisco Expands Simple and Secure Portfolio to Help Small Businesses Thrive

Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track

WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Re ...

Saxo Bank Launches Loyalty Program for MENA Region Clients

SEDCO Capital Achieves 30% IRR from Office Property Sale in Germany

Shaker Group Narrows Q1 Losses; Improved Sales and Cost Optimization Reduce Net ...

Investments in Telecoms and Health System Pay Dividends as Saudi Arabia Eyes Eco ...