NO. 31


Saudi Aramco Confirms Temporary Mothballing Of Some Surplus ProducingCapacity

Saudi Aramco officials have confirmed that some of the company's spare crudeoil production capacity is to be temporarily mothballed for cost savingreasons. This confirmation - which bears out previous coverage of this subjectin MEES (21 March) - was forthcoming in briefing sessions held by Aramcoofficials in Dhahran, Saudi Arabia, last week for a group of energy journalists,including MEES...