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Aramco seeks to reduce domestic oil consumption
- Saudi Arabia: Monday, October 15 - 2012 at 01:29
Saudi Aramco is set to begin reducing the kingdom's domestic consumption of oil by 2014 and depending more on natural gas as the main source for producing energy, Arab News has reported. The state-owned firm said it will rely on existing gas fields and work on exploring new ones and will use the production as fuel in power generation and water desalination plants. Limiting domestic consumption of oil would increase Saudi oil exports while expanding the exploration and exploitation of gas will help the company meet the increasing demand for liquid gas from petrochemical companies, it said.
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