“We remain committed to supplying a large portion of the world energy demand on purely commercial terms, we are not chasing a greater market share,” al-Naimi stated. “Let me assure you our purpose is not market share, our purpose is satisfying our customer demand.”
“We are going to produce it [shale oil] one of these days, we are spending money on that,” al-Naimi stated. “We are finding shale oil, shale gas, no plans to produce it today.”
Riyadh is welcoming shale oil development and exploration, Ali al-Naimi said.
“I have no concerns about demand that is why I welcome new additional supply, including shale oil,” al-Naimi stated.
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