Middle East Economic Survey


No 17


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...