Cheney says Saudis kept promise on oil production

JERUSALEM (Reuters) – U.S. Vice President Dick Cheney said on Monday that Saudi Arabia had kept its promise to increase oil production capacity over the past three years.

Cheney was in Jerusalem after visiting Saudi Arabia last week where he reviewed the situation with Oil Minister Ali bin Ibrahim al-Naimi.


Riyadh had told the United States it was expanding oil production capacity three years ago when it was producing about 10.5 million barrels per day.

“They said they would add 2 million barrels a day in production over the next four or five years, through the end of (2009), and they’ve kept their word,” Cheney said.

Reuters