Middle East Economic Survey

VOL. XLVIII

No 24

13-June-2005

saudi arabia

Saudi Aramcos Jum'ah Reiterates Spare Capacity Target In Five-Year Plan

Saudi Aramco President and CEO 'Abd Allah Jum'ah unveiled the companys five-year plan for 2006-2010 reinforcing plans to expand oil production capacity above the present level of 10.5mn b/d. The plan has been endorsed by the board of directors and will be submitted to the Supreme Council of the Ministry of Petroleum and Minerals, Mr Jum'ah said. This...