NO. 38


Shaybah Development Will Not Boost Saudi Output Capacity Above The 10 MNB/D Target, Says Nazer

Saudi Arabia's recent decision to press ahead with the development of thegiant Shaybah oilfield over the next few years is designed to maintain theKingdom's sustainable production capacity at the current level of 10mn b/d byoffsetting declining output from older fields rather than to expand capacitybeyond the 10mn b/d mark. This was made clear by Saudi Oil Minister...