Saudi Aramco Will Soon Announce Gas Discoveries, Riyadh Says

Saudi Arabian Oil Co. will soon announce natural-gas discoveries in the north and northwest of Saudi Arabia, Riyadh newspaper reported, citing the chief executive officer.

The company will also start drilling in deep-water in the Red Sea at the end of the year and will announce the results in 2013, Khalid al-Falih said, according to the newspaper.

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