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Saudi Aramco eyes $150-bn gas investments over next decade, says CEO

Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally

Reuters  |  Dubai 

Saudi Aramco CEO Amin Nasser
Saudi Aramco CEO Amin Nasser. Photo: Reuters

said on Tuesday its gas programme would attract $150 billion worth of investments over the next decade with production growing to 23 billion standard cubic feet a day from the current 14 billion.

"We also have world-class unconventional gas resources that are rapidly supplementing our large conventional resources ... currently we have 16 drilling rigs concentrating on unconventional gas and more than 70 wells completed this year," CEO said at a conference in Dubai.

Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally, in addition to potential acquisitions.

 

First Published: Tue, November 27 2018. 11:39 IST
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