The Ministry of Energy, Industry and Mineral Resources affirms the Kingdom's commitment to its role as a stabilizing force of global energy markets and rejects claims about the kingdom's intent to sell its oil in currencies other than the U.S dollar

الاثنين 1440/8/3 هـ الموافق 2019/04/08 م واس
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Riyadh, April 08, 2019, SPA --The Ministry of Energy, Industry and Mineral Resources affirmed today that recently circulated claims that the Kingdom of Saudi Arabia is threatening to sell its oil in currencies other than the dollar are inaccurate and do not reflect Saudi Arabia’s position on this matter. The Kingdom has been trading its oil in dollars for decades which has served well the objectives of its financial and monetary policies.
Furthermore, the Ministry reaffirms the Kingdom's commitment to its role as a stabilizing force of energy markets, and its desire not to risk such a key policy priority through a fundamental change to the financial terms of oil trading relationships around the world.
--SPA
11:46 LOCAL TIME 08:46 GMT
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