Middle East Economic Survey

VOL. LI

No 4

28-January-2008

SAUDI ARABIA

Saudi Aramco Prioritizes Karan Gas Field Development, Output Hikes Planned

Saudi Aramco has prioritized the development of its offshore Karan gas field and plans to hike production from the originally planned 1bn cfd to 1.5bn cfd, MEES learns. The need to develop the Karan production at higher rates comes amid increased demand for gas feedstock for the kingdoms power and petrochemical industries, with further impetus provided by...