Saudi oil completes $100bn expansion plan

27 June 2010

Saudi Aramco has said it has completed a $100bn investment programme launched over the past few years to expand the kingdom's hydrocarbon industry. The funds were channelled into oil and gas output capacity expansions, petrochemicals, refining and associated projects, the state-owned firm said. The investment programme has added nearly 3.8 million barrels per day (bpd) to the kingdom's crude output capacity, including around two million bpd in 2009 alone, it said.

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