SAUDI ARABIA

Saudi Arabia’s Major Gas Development Stalls

Saudi Arabia’s need for gas may be one reason why it has maintained relatively high oil production levels when supply to markets has fallen below wellhead output. The oil giant boosted production of non-associated gas, but cannot utilize the raw gas until it completes the Wasit plant, which is a year behind schedule.

The Wasit Gas Plant, which along with the Karan gas processing plant will boost the kingdom’s gas...