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Riyadh hints at oil production increase

"We have enough resources to raise our production (currently nine million barrels per day) in the medium term to 12 or 16 million," he told the German weekly Der Spiegel .

"Al-Qaeda in Saudi Arabia, what's that? Its the illusion of a force which does not exist. Its imaginary", he stated.

CNA

Posted on Saturday, July 24 @ 12:13:42 PDT by aaron

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Re: Riyadh hints at oil production increase (Score: 1)
by satjeet (oilgone2008@yahoo.com) on Saturday, July 24 @ 19:41:12 PDT
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Didn't Saudi Arabia announce last February - in front of Alan Greenspan - that their reserves had quadrupled? Of couse this all reminds one of Saddam Hussein's flights of fantasy, but it's no way to run a world energy system.

Re: Riyadh hints at oil production increase (Score: 1)
by clv101 on Sunday, July 25 @ 03:58:08 PDT
(User Info | Send a Message) http://www.vitaltrivia.co.uk

No, the Saudi guy was misquoted. The transcript of the conference shows no such claim.

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Re: Riyadh hints at oil production increase (Score: 1)
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