Aramco Speeds Up Manifa Oil Field Project to Feed Refineries
Investing News Network - June 6th, 2011
Bloomberg reports that Saudi Aramco intends to boost production capacity at the company’s Manifa oil field.
Bloomberg reports that Saudi Aramco intends to boost production capacity at the company’s Manifa oil field.
The market news is quoted as saying:
The state oil producer of Saudi Arabia plans to raise production capacity at Manifa, located in shallow water in the Persian Gulf, to its maximum level of 900,000 barrels a day by 2014, Aramco said today in its 2010 annual review. The target date for the field is 10 years ahead of the schedule laid out in its annual report last year.