Stories tagged with "Ali Al-Naimi"

Saudi Arabia Announces They Will Produce More Oil

CNN is reporting that Saudi Arabian King Abdullah and the country's petroleum minister Ali I. Al-Naimi, at their Jeddah Energy Meeting, have announced an increase in production from 9 mmbpd to 9.7 mmbpd effective July, and will increase investments in oil projects which will allow for 12.5 mmbpd by the end of the year.