Saudi Arabia’s Minister of Energy: "Iran exports are always not very visible"

Saudi Arabia’s Minister of Energy: "Iran exports are always not very visible"
  • Clock-gray 12:57
  • calendar-gray 30 April 2019

"Iran exports are always not very visible," Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid Falih said in an interview with Sputnik, APAreports.

Answering to the question on the impact of Iran situation on the world oil market, Saudi Arabia's minister said that he does not have idea on this issue. 

"I have no idea. I think Iran exports are always not very visible. There is a lot of speculation. What is the real number of exports today and what will be the real number after sanctions are withdrawn. The only indicator I have is how much customers are asking for Saudi oil. That’s the number I see. And so far, it’s moderate but healthy. So there is nothing to be concerned on the high, nothing to be concerned on the low."

"We are not seeing a shortage in the market. I think we will focus on inventories and try to bring it down in terms of what we look at the global production and we try to adjust by having this OPEC+ agreement from July to end of the year possibly," Khalid Falih said.

Zumrud Pashkin

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