JEDDAH, Saudi Arabia Saudi Aramco IPO-ARMO.SE ought to
invest in uploading gas into the kingdom, however the priority would be on
finding new resources of fuel regionally thru exploration, Saudi Arabia's power
minister said on Tuesday.
although it is the world's largest oil exporter, Saudi
Arabia has struggled to hold tempo with
domestic gas call for in latest years as elevated use from industry and
electricity generation put stress on resources.
"gas makes up 50 percentage of our power blend now and
we aspire to elevate this to 70 percentage from all resources, be it local or,
if it is possible, from a source to import from at a competitive price,"
Khalid al-Falih advised a information convention announcing the dominion's
national Transformation Plan.
Falih, who's also Aramco's chairman, indicated in advance
this month that the electricity large could be inquisitive about making an
investment in global upstream opportunities, in particular in fuel.
at the same time as Aramco has several foreign places joint
ventures in the refining and petrochemical sectors with overseas oil agencies,
it has not pursued comparable offers in upstream initiatives.
No comments:
Post a Comment