Thursday, March 19, 2009

Aramco Spends $60 Billion on Projects Saves $10 Billion

Aramco earmarks $60 bln for oil and gas projects
guardian.co.uk - UK
RIYADH, March 18 (Reuters) - State oil firm Saudi Aramco will keep spending on oil and gas projects within the kingdom through 2014 at about $60 billion, a newspaper reported on Wednesday, quoting a contractor in business with the company.
The top oil exporter's five-year plan would be $10 billion cheaper than the last plan coming to completion in June. ...

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