Saudi Arabia to Hike Gas Flows 40%

摘要

Saudi Arabia will hike its natural gas handling capabilities by 40% by 2014 to help meet rising domestic energy demand, according to Oil Minister Ali Naimi. "Having achieved our crude oil production capacity increase to 12.5 million barrels per day in June 2009, we are expanding our gas production and processing capacities by 4.5 billion cubic feet per day by 2014, a 40% increase over the current capacity," Naimi told a ceremony at Beijing university last week.