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FINANCIAL NEWS
Saudi Arabia to double gas output by 2030
13 Nov 2014
(MENAFN) Saudi Arabian Oil Ministry announced it is planning to double its natural gas output by 2030 but plans to keep all of the increased in the kingdom to help it fuel domestic growth, Gulf Business reported.
Saudi, which is the world’s top oil exporter, said that it is not planning to import the new amount of gas but to use it in meeting the country’s own rising energy demands, including both power generation and water desalination in addition to developing its growing mineral industry.
Saudi Arabia, which has the world’s fifth-largest natural gas reserves at 291 trillion cubic feet (tcf), currently has an estimated 300 trillion cubic feet (tcf) in gas reserves.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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