Khalid al-Falih
That is more than three times the amount allocated in the previous budget, he said.
Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia’s efforts to diversify its economy away from hydrocarbons.
US Energy Secretary Rick Perry will meet with Saudi Arabia's energy minister, Khalid al-Falih, on Monday in Washington, a U.S. government source said.
Saudi energy minister says Aramco IPO could still happen in 2018.
Saudi Arabia's corruption investigations are linked to a just few individuals and will not hinder investments in the kingdom.
The global oil market is improving and stabilizing, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday.
Saudi Arabia's national oil company Saudi Aramco aims to invest globally in production of gas and liquefied natural gas after holding its initial public offering.
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman will hold talks with Russian President Vladimir Putin in Moscow.
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