Home Economy Saudi Arabia to continue energy investments despite oil price drop- Naimi

Saudi Arabia to continue energy investments despite oil price drop- Naimi

Oct 2 Saudi Arabia is continuing with its investments in the oil and gas industry even with the current drop in oil prices, the kingdom’s oil minister was quoted as saying on Friday.

Ali al-Naimi was speaking in Turkey at a meeting of the G20 energy ministers, according to state news agency SPA.

“Since the 1970s this industry has been experiencing sharp fluctuations in prices – up and down – which have impacted investments in the field of oil and energy, and its continuity,” Naimi said.