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"While oil fields in many basins are becoming
increasingly mature, the share in the Middle East and
North Africa global oil supplies will steadily rise.
Saudi Aramco’s crude oil production capacity has
been expanded to 12 million barrels per day, the increase
in our production of natural gas and gas products, our
increasing refi ning capacity, and our expansion into
the petrochemicals sector.
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The maintenance of this capacity is a huge commitment for Saudi
Aramco, costing tens of billions of dollars to build
and billions more to maintain"
Khalid A Al Falih, President & CEO Saudi Aramco
These are staggering figures that underline the many opportunities
that exist in the Middle East and African regions. It is estimated
that the major projects in Khurais, Ghawar, Manifa, Chergui, hold
over 100 billion barrels of oil. These major projects have led to
the development and application of many game changing technologies..
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