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Saudi giant Aramco shifts focus to gas as oil expansion nears its end


Thursday, June 25, 2009

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Saudi state oil giant Aramco is shifting its exploration and production focus to gas to meet rapidly rising domestic demand as its program to expand oil capacity comes to a close.

Falling global oil consumption has left the kingdom sitting on its biggest supply cushion in years and allowed it to shift attention from oil to booming gas demand at home.

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Tags: Bill, Industry, Saudi Arabia

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