Saudi Arabia's growing domestic energy consumption will have no impact on Saudi oil exports "now or in the future" and the kingdom will continue to be a reliable supplier of oil to world markets with capacity to handle future supply shortages, Saudi Oil Minister Ali Naimi said Monday.
"Warnings about what would happen to Saudi oil exports if current levels of domestic usage were left unchecked were taken as fact," Naimi told delegates to the Middle East Energy Conference at London's Chatham House.
"But we are not leaving domestic consumption unchecked. I would like to state for the record here in London, that the kingdom will continue to be a reliable, steady and dependable supplier of energy to the world. Saudi Arabia's domestic growth will not impact on exports now or in the future. Of this, I am very confident," Naimi said.
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