Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
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.