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    25.01.2016 15:44 Saudi Arabian Oil Co. (Saudi Aramco) Chairman Khalid al-Falih: the company will not cut its investments despite low oil prices

    Saudi Arabian Oil Co. (Saudi Aramco), the state-owned oil producer, Chairman Khalid al-Falih said on Monday that the company will not cut its investments despite low oil prices, adding that the company formulated a new strategy.

     

    Al-Falih pointed out that the company can sustain low oil prices for a very long period.

     

    He noted that he expects moderate oil prices as oil demand will rise.


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