Oil and gas production boom could see USA overtake Russia, Saudi Arabia
- USA: Thursday, June 14 - 2012 at 10:53
The US is seeing a dramatic surge in oil and gas production and could overtake the world's biggest producers, Russia and Saudi Arabia, in another decade, AFP has reported. "Some of the numbers are eye-popping," Daniel Sullivan, commissioner in Alaska's Department of Natural Resources, told a panel of experts at the International Economic Forum of the Americas in Montreal. In the last quarter, the US produced six million barrels of conventional and unconventional oil a day, he said. "We haven't done that in 15 years," he added. Since 2008, the US has added 1.6 million barrels of additional oil, and in 2011, it registered the largest increase in oil production of any country outside of Opec, Sullivan said. These figures compare with a daily output in March of about 9.923 million barrels a day by Saudi Arabia and 9.920 million by Russia, according to data compiler Joint Organizations Data Initiative.
- OMRAN drives new tourism projects in Oman
- Riyadh metro's ultra-modern designs revealed
- Aldar selects Greek contractor for Bani Yas...
- Borouge highlights its growing contribution to...
- Saudi Aramco upgrades gas/oil separation plant...
- UK considering issuing visas to Kuwaitis on...
- Omantel launches Samsung Galaxy S4 LTE smartphone
- QNET intends to expand its operations in region...
- HP Enterprise Services signs global agreement...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.