VOL. XXXIX

No. 4

23-October-1995

SAUDI ARABIA

Aramco Delays Two Crude Expansion Projects, Shaybah Development On Track

MEES understands that Saudi Aramco has dropped - for the time being at least - two upstream field expansion programs which had been expected to be launched in 1996. While it is not clear why the company has postponed implementation of the projects, the delays are thought to have resulted from ongoing efforts to reduce development spending in the wake of lower oil...