Middle East Economic Survey

VOL. LI

No 26

30-June-2008

SAUDI ARABIA

Saudi Aramco Details Upstream Progress, Riyadh Updates On Security

By Rafiq Latta in Khurais and Jiddah

Saudi Arabia on 23 June emphatically denied recent reports that key increments in its program to increase crude oil production capacity to 12.5mn b/d are badly behind schedule. Senior upstream executives from state-owned Saudi Aramco gave a series of presentations at the 1.2mn b/d Khurais field, which the Kingdom is touting as the...