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...
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