Middle East Economic Survey

VOL. LII

No 19

11-May-2009

SAUDI ARABIA

Saudi Aramco Slashes Key Projects In Five-Year Plan

The recent fall in oil prices has prompted state-owned Saudi Aramco to cut a number of proposed flagship initiatives from its next rolling five-year plan, MEES understands. Deferred projects in the plan, which was agreed at a meeting in Houston late last month, include a major NGL project at the Shaybah oil field in the Empty Quarter, and the planned 800mn cfd development of the...