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Article: Saudi Aramco dismisses alarm, highlights potential.
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- March 1, 2004
CopyrightCOPYRIGHT 2004 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Saudi Arabia will play the lead role [in meeting future demand] not only because it has the biggest reserve base but also because Saudi Arabia has an operating oil company that has a proven track record over 70 years of delivering, of overcoming any operational, any technological, any organizational or any financial challenges. The track record is there," Saudi Aramco's Abdul-Baqi, who has been with the state company for more than 30 years, told the conference.
Aramco counts on some of the lowest production costs in the world, of about 70 cents per barrel compared to an industry average of about $4-$5/bbl; low depletion rates of 2% per year; and state-of the art ...
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Article: Saudi Arabia Announces Counter-Terrorism Measures.
PR Newswire;
December 3, 2002 ;
700+ words
...WASHINGTON -- The Government of Saudi Arabia today revealed a number of substantial ... and other countries, the Kingdom of Saudi Arabia has been on the forefront of the war ... Kingdom in this area. "For too long, Saudi Arabia has been wrongly accused of being uncooperative ...
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