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In the middle of 2005, the primary vice president of click this over here now who is in cost of gas operations, by name Khalid al-Falih, said that its country would elevate its production ability to up to twelve million barrels for each working day by 2009, and to 15 million barrels per working day if the market condition normalizes. He also stated that in 2006, Saudi Arabia would own about ninety oil rigs in its country. This plan will double the amount of oil rigs operating in 2004.
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Saudi Arabia is the biggest oil producing country in the globe. They only lately shut down the extremely first oil pumping station that was made (about eighty many years of oil came out of that one field). The United States is already invest In Saudi Arabian Oil bed with Saudi Arabia. We don't manage them, but we have had a fantastic relationship with them because the times of FDR. And I anticipate we will continue to do so. But you never know what might happen.
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