Oil Investing News » Aramco to spend $60 billion

Aramco to spend $60 billion

March 17, 2009 @ 11:27 pm In Oil Company News

State oil firm Saudi Aramco announced its plans to spend $60 billion on oil and gas projects through 2014.

Finance Minister Ibrahim al-Assaf said:

Saudi Aramco has informed its large local contractors and agents of global firms that it had allocated a budget reaching $60 billion ... to carry out oil and gas projects of various sizes up to 2014.

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