Aramco to focus more on gas exploration
- Saudi Arabia: Tuesday, January 08 - 2013 at 05:03
Saudi oil minister Ali Al-Naimi has said state-owned Saudi Aramco will step up its efforts to explore and develop more gas wells across the kingdom to meet the requirements of electric power generation, Arab News has reported. "Custodian of the Two Holy Mosques King Abdullah has given instructions to carry out more gas drilling and development operations ... to use gas, instead of oil, for electricity generation, as oil can be exported or kept for future generations," he said. Saudi Aramco is one of the largest oil and gas companies in the world. Its gas production averaged 9.9 billion cubic feet per day in 2011, up from 9.4 billion cubic feet per day in 2010, while gas reserves rose to 282.6 trillion standard cubic feet from 279 trillion standard cubic feet.
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