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Saudi Arabia affirms oil supply to Canada to resume normally

Staff Writer | August 9, 2018
Saudi Arabia announced on Thursday that its oil supply to Canada would resume normally despite the political rifts between the two countries, Saudi Press Agency reported.
Saudi Arabia oil
Middle East   The minister reaffirmed the petroleum policy
The Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih, clarified that the current diplomatic crisis between Saudi Arabia and Canada will not, in any way, impact Saudi Aramco's relations with its customers in Canada.

The minister reaffirmed the petroleum policy that the kingdom's petroleum supplies to countries around the world are not to be impacted by political considerations.

He stressed that the kingdom continues to invest in its production capacity, which is considered a key factor in protecting from market volatility that is damaging to the interests of producers and consumers alike and the global economy at large.

Saudi-Canadian ties deteriorated this week over statements made by Canadian Foreign Minister and Canadian Embassy in Riyadh demanding the release of Saudi activists.

Saudi Arabia considered the Canadian announcements as interferences in its affairs and took various measures, mainly cutting the diplomatic ties and freezing new investments between the two countries.