Topic has been read 55 times
20/12/2011
BAGHDAD - agencies
An official source said that Saudi Arabia has 283 trillion cubic feet of natural gas and occupies fourth place globally in the size of reserves, noting that the value of Saudi Aramco exceed $8 trillion, which has the largest proven oil reserves exceeding 264 billion barrels.
And replaced Iranian Oil Company in the second place, and took control of the results of this year, despite achieving the Chinese oil companies, Russian and Canadian centers, advanced, and continued to compete with emerging markets for international companies.
The classification adopted on the size of the operational rather than market capitalization, or other financial metrics, in order to provide a comprehensive overview of the development of the oil industry, was incorporated six operational criteria included oil and gas reserves and production, and sale of products and the ability of refineries to refineries.
The newspaper «Riyadh» last Saturday about Dr. Fahd bin Juma Member of the Association of Energy Economics International as saying that Saudi Aramco has shown great results since the beginning of oil exploration in 1933, and production of oil and gas refining, marketing and distribution locally through a network of pipelines with a length of about 20 thousand kilometers, and globally by Vela International Marine of the Saudi Aramco is currently composed of 30 large and medium-sized tanker to Asia, North America and Europe.
The «Aramco exports of oil is approximately 6.5 million barrels per day, and refined products is 52.7 to Asia and 1.7 to the United States and 3.1 the Mediterranean region and 37.1 to other regions, and acquires the kingdom about 100 field, head of oil and natural gas are spread out more than 1500 wells.
He pointed out that given the global estimates of the value of Saudi Aramco, they exceed $8 trillion, making it the most valuable in the world, has the largest proven oil reserves exceeding 264 billion barrels, 20% of global reserves, the second largest oil producer in the world after Russia, the equivalent of 9.5 million barrels per day in 2011 and has the largest energy global oil production up to 12 million barrels per day.
He pointed out that Saudi Arabia accounted for by 57 of the Gulf's oil reserves and 29 per of the total reserves of OPEC's total refining capacity refineries 4163 million barrels per day, including international joint ventures and local ».
The bin Juma in the same context that Saudi Aramco has the largest network of hydrocarbon in the world system and gas major, where the Kingdom aims to intensify the exploitation of gas resources due to achieve added value to the national economy and its contribution to the development and diversification of sources of non-oil revenues, and with complete fields Karan and Manifa, Arab and Alhbbah rise gas processing capacity to 15 billion cubic feet by the year 2015.
He said that Saudi Aramco has approximately 283 trillion cubic feet of proven natural gas reserves in the world (4.3 of the world), and thus occupies the fourth place worldwide after Russia, Iran and Qatar.
He announced that Saudi Aramco agreed in 2011 with the (Dow Chemical) to establish a joint venture to build and operate a global integrated chemicals complex in Jubail Industrial City at a cost of about $20 billion.
Ibn al-Fri that in the field of natural gas there is a major Saudi investment is the largest in the world, and future projects will raise the amounts of feedstock gas plants for the next 9 to 15 billion cubic feet.
