SAUDI PRESS­ING ON

Qatar Today - - BUSINESS > OIL&GAS -

Saudi Ara­bian Oil Co. is press­ing ahead with an ex­pan­sion of the Khu­rais oil field de­spite lower crude prices, and plans to dou­ble its pro­duc­tion of nat­u­ral gas over the next 10 years, the com­pany's chief ex­ec­u­tive of­fi­cer said. The world's big­gest oil ex­porter, known as Saudi Aramco, won't can­cel any oil, gas or re­fin­ing projects, Amin Nasser told re­porters dur­ing a con­fer­ence in Al Ahsa in eastern Saudi Ara­bia. Aramco is also study­ing a pos­si­ble ex­pan­sion of the coun­try's largest oil re­fin­ery, Ras Ta­nura, which has a ca­pac­ity of 550,000 bar­rels a day, he said. “Un­til now all of our down­stream and up­stream projects are con­tin­u­ous,” said Nasser. “No project in our pro­grammes got can­celled.”

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