PUTRAJAYA (Bernama): Saudi Arabia’s move to temporarily suspend production at the state-owned Aramco’s two major oil facilities following drone attacks by Yemeni rebels will definitely impact global oil prices, says Prime Minister Tun Dr Mahathir Mohamad.
PUTRAJAYA : Saudi Arabia’s move to temporarily suspend production at the state-owned Aramco’s two major oil facilities following drone attacks by Yemeni rebels will definitely impact global oil prices, says Prime Minister Tun Dr Mahathir MohamadHowever, he said in Malaysia, the government practices intervention through a subsidy to offset the price hikes.
"In Malaysia, when there is an oil price hike, we will provide a subsidy. Unlike in the United Kingdom, if the price of oil soars, the government will raise the tax and the people don’t complain, ” he told a press conference after watching the Putrajaya Boat Race 2019 here Sunday . Saudi Arabian energy minister Prince Abdulaziz Salman was quoted by Saudi state news agency SPA on Sunday as saying that the attacks on Abqaiq and Khurais, two key Aramco facilities in eastern Saudi Arabia, have partially halted crude and gas production from the world's top oil exporter.
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