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KSA, $10bn a year for energy
- Saudi Arabia: Sunday, April 24 - 2005 at 08:28
Saudi Arabia is set to invest $10 billion a year over the next five years on energy development projects, Oil Minister Ali Al Naimi told The Wall Street Journal. He said Saudi oil capacity would rise to 12.5m bpd by 2009 and refining capacity increase by 800,000 bpd to 4.1m bpd.
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Peter J. CooperSunday, April 24 - 2005 at 08:28 UAE local time (GMT+4)
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