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Saudi expansion on track
- Saudi Arabia: Monday, November 14 - 2005 at 09:20
Saudi Arabia says its plan to boost oil production capacity by 1.5m bpd by 2009 is on track. The Oil Ministry statement answered reported comments by a former top executive of state oil firm Saudi Aramco, who said the kingdom may fall behind its schedule to raise output to 12.5m bpd due to shortages of oil rigs and equipment.
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James McInerney, News EditorMonday, November 14 - 2005 at 09:20 UAE local time (GMT+4)
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This article was updated on Thu Mar 08 2007.
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