Saudi Arabia Oil & Gas Report Q4 2012 - New Market Research Report
BMI View: While refinery expansion is proceeding broadly to schedule, Saudi Arabia cannot claim the same about its gas exploration and development programme. Drilling has again been delayed in the Empty Quarter, which is a further sign of a frustrating process that may leave the Kingdom short of gas as demand continues to rise. There has been little apparent progress on plans to boost productive capacity from the current 12mn barrels per day (b/d) to 14-15mn b/d.
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