Keying into the Russian Central Bank's key rateBusiness & Economy July 27, 15:59
Decision to strip Saakashvili of Ukrainian citizenship ‘not Kremlin’s problem’Russian Politics & Diplomacy July 27, 15:43
NHL three-time Stanley Cup winner Malkin still hopes to play for Russia at 2018 GamesSport July 27, 15:33
Brazilian football team’s staff kick off Russian language practice ahead of 2018 World CupSport July 27, 14:48
Kremlin explains why commenting on new US envoy pick would be inappropriate nowRussian Politics & Diplomacy July 27, 14:37
Kremlin comments on EU sanctions against RussiaRussian Politics & Diplomacy July 27, 14:36
Russian, Finnish presidents to discuss stability, security in Baltic regionWorld July 27, 14:24
Putin appoints Russia’s permanent representative to UNRussian Politics & Diplomacy July 27, 13:41
CEO vows Shell will strive to honor its Nord Stream 2 commitmentsBusiness & Economy July 27, 13:31
MOSCOW, May 10. /TASS/. Saudi Arabia, which is the world’s biggest oil exporter, plans ‘significant growth’ in output in 2016 as well as further international expansion, chief executive officer of the country’s state-owned company Saudi Aramco Amin Nasser was quoted as saying by Bloomberg news agency Tuesday.
"Even though it is challenging, it’s still an opportunity for us to grow," Nasser said of the international expansion plans.
The plan is to boost capacity at the Shaybah oil field by 33% to 1 mln barrels per day in the next couple of weeks and to double natural gas production over the next decade, he said.
As was reported earlier Saudi Aramco can increase crude production to 10.3 mln barrels per day in 2016 versus the previously expected 10.2 mln barrels per day.