Saudi Aramco Starts Up Khursaniyah
Saudi Aramco started production at the Khursaniyah field where production capacity is expected to be 500,000 bbl/d, said Saudi Aramco CEO Abdullah Jum'ah.
Khursaniyah is expected to be procuring 300,000 bbl/d within a month, according to Saudi Aramco.
The Saudi Gazette reported that Saudi Arabia, the world's number one oil exporter, is investing $90 billion in oil production and refineries over the next five years to maintain its top spot.
Additional field developments at Shaybah, Manifa and Khurais promise promise to boost capacity to a combined 12.5 million bbl/d by 2009.
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