SAUDI ARABIA

 

Aramco Annual Review: Gas Record, Oil Down

 

State-owned Saudi Aramco has issued its latest annual review. Gas output is at record levels though both crude production and exports are down.

 

The freshly-released Saudi Aramco annual report shows a distinct shift in focus toward gas and unconventional gas in particular.

Crude production last year averaged 9.41mn b/d, down from a record 9.51mn b/d the previous year. This translated into total production for...