Middle East Economic Survey
VOL. LII
No 13
30-Mar-2009
Oil Production Capacity Expansion
By Ali Naimi
The following article is an edited version of a keynote address made by Saudi Arabian Minister of Petroleum and Mineral Resources Ali Naimi to the 4th OPEC International Seminar in Vienna on 18 March.
The oil industrys time-intensive nature demands planning horizons stretching across multiple decades. Furthermore, these time windows must be supported by massive amounts of capital to finance...
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