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New king says Saudi Arabia to keep oil and gas exploration, diversify economy

World News

10-03-2015 | 13:10

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New king says Saudi Arabia to keep oil and gas exploration, diversify economy

Saudi Arabia's King Salman said on Tuesday that the kingdom would continue oil and gas exploration despite the fall in crude prices, and vowed to build a strong, diversified economy.

In a speech broadcast on state television, King Salman, who ascended the throne after the death of his brother King Abdullah in January, also said he had ordered a review of regulations to help eradicate corruption, and that he would not allow anyone to meddle with Saudi security and stability.

REUTERS

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