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

Reuters News
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Posted: Mar 10, 2015 1:11 PM

DUBAI (Reuters) - 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.

(Reporting by Sami Aboudi; Editing by Kevin Liffey)