Saturday, April 16, 2011

Saudi Arabia to invest US$45 billion in Shaybah oil field expansion

Saudi Aramco is working these days to implement an ambitious plans aimed at developing al-Shaybah field system to increase oil production. The total costs of this plan amounts to SR186.75 billion (equivalent to US$ 45 billion). Shaybah field?s current capacity amounts to 750,000 b/d. 

A flame spurting from an oil refinery in Saudi Arabia
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/saudi-arabia-invest-us45-billion-shaybah-oil-field-expansion

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