According to "Arab business newspaper" Riyadh reported that the "Middle East Economic Survey" (MEES) 5 on 9 story said that the world's largest oil exporter Saudi Arabia, recently revised its 5-year energy plan and the plan to cut expenses.
According to "Middle East Economic Survey," said Saudi Arabia has postponed the implementation of several important energy projects, including Hasbah sea Shaybah gas field development projects, as well as natural gas liquids (GTL) project.
"Middle East Economic Survey," failed to indicate whether it is an where to obtain this from a number of important energy-related project delays in the implementation of the message, but he added that the Saudi National Oil Company (Saudi Aramco) is also intended to substantially reduce the Maintain Potential project expenditure.
According to MEES, the said, including Nissan's 1.2 million barrels of oil, including oil Safaniyah the Maintain Potential project investment will be reduced by half this year, down to about 500 million U.S. dollars, next year will be reduced to 400 million U.S. dollars.
Source: www.in-en.com May. 11, 2009
