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Saudi Arabiaâ€™s energy minister: If market needs, weâ€™ll increase oil output

10 October 2016 10:02 (UTC +04:00)

Istanbul. Mayis Alizade – APA. Saudi Arabia will continue to invest in energy sector, Saudi Arabia's Energy Minister Khalid al-Falih said at the 23^rd World Energy Congress in Istanbul.

Speaking about main lines of Saudi Arabia’s energy policy, Khalid al-Falih said Saudi Arabia has necessary preparations for this: “If the market needs, we’ll increase the oil output. Presently, we have to care about fates of 7 billion people. In 2050, 2 billion will be added to this. As one main players of the market, we must take into account all these factors”.

Khalid al-Falih added that finance ministers and central bankers of OPEC member analyze the situation at the meetings held once every two months.