38067
Aramco to Double Gas Output in  10 Yrs.
Energy

Aramco to Double Gas Output in 10 Yrs.

Saudi Aramco plans to nearly double its gas production to 651millon cubic meters per day in the next decade, its chief executive said on Tuesday. Amin Nasser also told an industry conference that Saudi Arabia has managed to increase gas production from 99 mcm per day in 1982 to more than 339 mcm now and this figure is expected to double to around 651 mcm during the coming decade, Reuters reported. "Work is under way to execute an ambitious plan to implement this during the coming 10 years," he said, without detailing the plan. Saudi Aramco, the world's largest oil and gas company, has embarked on a massive program to boost gas output for electricity and petrochemical production by developing gas fields not associated with oil production. For instance, it is exploring and developing unconventional gas in the north of the kingdom. Nasser also said Aramco was moving ahead with the strategy "to achieve a better balance between the total exploration and production capacity, which stands at 12 million barrels per day of crude oil, and its refining capacity".

 

Short URL : https://goo.gl/idcas8
  1. https://goo.gl/KQvQnd
  • https://goo.gl/r0NTDk
  • https://goo.gl/59TJyW
  • https://goo.gl/bYRF2M
  • https://goo.gl/1eojF7

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Norway’s Saga Signs $2.9b Iran Solar Power Venture
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion)...
Total Says Will Try to Move Ahead With Iran Gas Project
French oil and gas major Total will try to push ahead with its...
Tashkent Eyes Iran Oil Import, Mulls Transport Options
Uzbekistan is willing to join the list of Iran's crude oil...
Iraq Asks BP to Develop Kirkuk Fields
Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly...
French, German Groups Ink Water Agreements
French and German groups on Wednesday signed broad-ranging...
Brent, WTI Prices Pick Up
Oil prices rose on Wednesday as weekly US crude inventories...

Trending

Googleplus