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Saudi to boost gas output significantly by 2015

Posted on 11 December 2009

From Zawya Dow Jones: Saudi Arabia’s oil minister said Wednesday the kingdom expects to add natural gas reserves next year and boost gas output significantly by 2015, which will help drive the development of the country’s petrochemicals industry.

Saudi Arabia’s proven gas reserves, which stood at 263 trillion cubic feet at the end of 2008, will increase next year as Saudi Arabian Oil Co. is expected to discover “a minimum of 5 trillion cubic feet of additional non-associated gas reserves annually,” Ali Al Naimi told the Gulf Petrochemicals and Chemicals Association forum in Dubai………………………………Full Article: Source

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