Saudi King Inaugurates SR160bn Oil Projects

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia inaugurated on Thursday a number of oil giant projects of Saudi Aramco and King Abdulaziz Center for World Culture in Dhahran.

    The oil projects were worth around Saudi Riyal (SR) 160 Billion ($42.66 Billion) and total production capacity about 3 Million barrels of oil equivalent of crude oil and gas per day, according to Saudi Press Agency (SPA).

    President of Saudi Aramco and Chief Executive Officer Engineer Amin bin Hassan Al-Nasser said that the Planning and Regulating Oil Supply Center is an evolving center through which we inaugurate the new mega-projects, adding that this center for coordinating operations is the main control center of the Company's operations and it has no parallel in the world.

    The Center controls the production of 15 Million barrels equivalent of oil crude and gas through an integrated network of facilities on the land and the sea and in all regions Saudi Arabia.

Source: QNA