Saudi crown prince says unrealistic energy policies will lead to higher inflation
#1

July 16, 2022
9:21 PM GMT+8
Last Updated 14 hours ago



The prince said Saudi Arabia had announced raising its production capacity to 13 million barrels per day by 2027 from a nameplate capacity of 12 million now and "after that the Kingdom will not have any more capability to increase production".

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"Adopting unrealistic policies to reduce emissions by excluding main sources of energy will lead in coming years to unprecedented inflation and an increase in energy prices, and rising unemployment and a worsening of serious social and security problems," Prince Mohammed said.


https://www.reuters.com/world/middle-eas...022-07-16/
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