Companies & Finance

Saudi Aramco set to spend $150 bln on boosting gas production

Saudi Aramco is set to invest $150 billion to boost Saudi Arabia’s gas production and enable the country to become an exporter of the fuel
By Staff reporter 28 November 2018 0 33481

Saudi Aramco is set to invest $150 billion to boost Saudi Arabia’s gas production and enable the country to become an exporter of the fuel, Amin Nasser, the company’s chief executive, told the 13th Gulf Petrochemicals Chemicals Association forum in Dubai on Tuesday.

“We are looking to shift from only satisfying our utility industry in the kingdom, which will happen especially with the increase in renewable and nuclear, to be an exporter of gas and gas products,” Nasser said.

“We have...