Saudi’s Aramco Plans Natural Gas Production Near Jordan
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Saudi Arabian Oil Co. plans to start natural gas production at a field near Jordan next year as the world’s biggest crude exporter is “investing big in gas,” Chief Executive Officer Khalid Al-Falih said.
“Results are extremely encouraging” at the field in northern Saudi Arabia, Al-Falih said at the World Economic Forum in Davos, Switzerland, yesterday. The state-owned producer, known as Aramco, is exploring for gas and boosting refining capacity to free more crude for export, he said.