Riyadh, July 28 message, the local media today quoted the Saudi Arabia National Oil Company (Saudi Aramco) chief executive officer Khalid Saleh Law as saying that three new oil fields as a result of the project put into production, Saudi Aramco's oil in June Nissan can be reached 12 million barrels a day.
Law Saleh said that the project is one of the Shaybah oilfield expansion project. The other two projects are Nuayyim Rice Hu oil and oil field. Law Saleh said that the decline in global oil demand is temporary, and oil consumption will eventually increase to resume. If the global downturn in demand for investment in the oil sector failed to capacity, then, global oil production capacity to reduce and in the future lead to rapid increases in oil prices, it will cause the global economy and a wider range of oil crisis.
Law Saleh said that the decline in demand for crude oil of Saudi Arabia have more spare production capacity and to focus on Saudi Arabia oil production from non-associated natural gas field in development.
Jul. 29, 2009
