Saudi Arabian Oil Co. (Saudi Aramco) Chairman Khalid al-Falih: the company will not cut its investments despite low oil prices

Market news

25 January 2016

Saudi Arabian Oil Co. (Saudi Aramco) Chairman Khalid al-Falih: the company will not cut its investments despite low oil prices

Saudi Arabian Oil Co. (Saudi Aramco), the state-owned oil producer, Chairman Khalid al-Falih said on Monday that the company will not cut its investments despite low oil prices, adding that the company formulated a new strategy.

Al-Falih pointed out that the company can sustain low oil prices for a very long period.

He noted that he expects moderate oil prices as oil demand will rise.

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