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FINANCIAL NEWS
Saudi could replace all of Iraq’s oil exports: Prince
08 May 2013
(MENAFN) Chairman of King Faisal Center for Research and Islamic Studies, Prince Turki Al-Faisal, said that the country has oil production capacity that “could almost instantly replace all of Iraq’s oil exports”, reported Arab News.
The Prince said that the country will remain the major supplier of energy to the world for many more decades.
It is worth mentioning that Saudi Arabia plans on increasing total production capacity to 15 million barrels per day and have an export potential of 10 million barrels per day by 2020.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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