Monday, September 26, 2016

Price Drop In Oil Precipitated By Saudi Arabia To Punish The U.S. For Shale Gas Exploitation Now Has Them Investing In It

Saudi Aramco eyes $334bn investment by 2025

Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334bn by 2025, including spending on infrastructure and projects to maintain oil capacity. Senior Aramco official Abdulaziz al-Abdulkarim, vice president for procurement and supply chain management, told a conference in Bahrain on Monday that the figure included spending on exploring for and developing…