SAUDI ARABIA

 

Saudi Aramco Gives North Ghawar Reservoirs A Rest

 

Saudi Aramco has started to scale back some production from its mature oil fields as it ramps up production from the offshore Manifa field, CEO Khalid al-Falih says. Manifa is due to reach full 900,000 b/d capacity by the end of the year, though its heavy crude is promised to two export-oriented refineries. Rising domestic refining capacity and continued high energy consumption, however, will require sustained...