There is no oil refining capacity commensurate with the current demand, Saudi Arabia’s energy minister said on Monday.
For the latest headlines, follow our Google News channel online or via the app.
The Kingdom has publicly invited Iran to come to the negotiating table to discuss the Durra gas field, located on the maritime border between the two countries and Kuwait, because resources there are of common interest, he added.
Read more:
Iran has capacity to double oil exports if market needs more barrels: Official
Iran considers exporting gas to Europe: Official
Saudi Arabia lowers Arab Light crude oil price to Asia, Europe in June
