Middle East Economic Survey

VOL. LII

No 20

18-May-2009

SAUDI ARABIA

Saudi Aramco Review Of 2008 Reflects Major Gas Expansion

State-owned Saudi Aramcos Annual Review 2008 revealed the company had added over 9 trillion cu ft to proven gas reserves. The discoveries, coupled with a major expansion of gas and NGL processing capacity, are seen as vital for the Kingdoms ambitious industrialization and petrochemicals plans. However, questions remain over Saudi Aramcos ability to boost liquids reserves...