Middle East Economic Survey
VOL. XLVIII
No 17
25-April-2005
Naimi Outlines Oil Capacity Expansion Plans, Reiterates Oil Reserves Position
Saudi Arabia has several major oil expansion projects under way that represent a combined production capacity of more than 3mn b/d, part of which will be used to offset natural production declines and the rest to expand production capacity to 12.5mn b/d by 2009, Saudi Oil Minister Ali Naimi said on 21 April. Speaking in Paris at the 6th International Oil...
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