Aramco Awards Contracts To Maintain Production Capacity
Saudi Aramco will take technical and price offers by year end for the $1bn phase two upgrade of the 1.5mn b/d Safaniyah oilfield to maintain its capacity. It is part of the $35bn that Saudi Aramco CEO Khalid al-Falih recently said the firm will spend in the next five years to stabilize capacity, which is about 12.5mn b/d (MEES, 19 October). Saudi Arabia wants to reassure consumers that...
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