Press review: Trump terrifies Western elites and Alibaba eyes partnership with SberbankPress Review January 18, 13:00
Kremlin knows nothing about Snowden’s intentionsRussian Politics & Diplomacy January 18, 12:50
Russian lawmaker: McCain confirms US recognizes Russia’s growing world roleRussian Politics & Diplomacy January 18, 12:42
Kremlin: Issue on Crimea status not matter of discussion for MoscowRussian Politics & Diplomacy January 18, 12:31
Russia views Austria’s OSCE chairmanship program as pragmaticRussian Politics & Diplomacy January 18, 12:16
New movie marks return of Russian cinema to India’s silver screens after 25-year hiatusSociety & Culture January 18, 12:09
Senator says Russia should not abide by ECHR ruling on adoption ban for USRussian Politics & Diplomacy January 18, 12:00
Stunning Miss Universe 2017 candidatesSociety & Culture January 18, 11:46
Chinese Foreign Ministry: Beijing ready to boost cooperation with MoscowWorld January 18, 11:11
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.