Point of View: Saudi Oil Minister Al-Naimi sees kingdom sustaining oil supply linchpin role for decades

Saudi Arabia is intent on reaffirming its role as the world's linchpin oil supplier for as long as that hydrocarbon can be produced economically.And the kingdom sees that day extending decades beyond that claimed by advocates of the view that the world faces an imminent peak and steep decline in oil production.In the meantime, Saudi efforts are focused on stability—for production capacity as well as for world oil prices. Because the world's largest oil reserves holder and producer hews to such a conservative approach in shepherding its oil sector, there is a growing emphasis in Saudi Arabia on diversifying its economy. And that means greater opportunities for foreign investo...

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