2015 crude production climbed to 10.2mn bpd; reserves remained unchanged at 261.1bn barrels
Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister said.
A general view taken on July 19, 2009 shows the headquarters of Saudi Basic Industries Corporation (Sabic) in Riyadh.
Oil prices rose on Tuesday, rebounding from heavy losses that were sparked by a report that Saudi Arabia was close to completing an oilfield expansion.
Saudi Arabia said it would create the world's largest wealth fund and sell shares in state energy giant Aramco as it unveiled a vast plan to transform its oil-dependent economy.
Saudi Arabian Oil Co and Saudi Basic Industries Corp are studying a plan to build a joint refinery that would produce chemical products directly from crude oil, ....
