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FINANCIAL NEWS
Saudi Aramco’s revamped plants start operations
23 Feb 2010
(MENAFN) Saudi Aramco brought online its revamped Juaymah and Hawiyah gas plants, which come in line with its plans to boost capacity to meet increasing domestic gas demand, Reuters reported.
Aramco announced earlier that it plans to increase output capacity to 12.5 million barrels per day (bpd), saying that gas demand in Saudi Arabia is growing annually by 7 percent as oil revenues fuel economic expansion.
The oil giant aims to raise gas supplies 30 percent to 8 billion cubic feet per day (cfd) in the five years to come. It also sees its non-associated gas processing capacity going up to 9 billion cfd by 2015, from 6.2 billion cfd.
The expansion at Juaymah is expected to add 260,000 barrels per day (bpd) of additional splitting capacity to the gas plant, taking capacity there to 815,000 bpd. While the plant at Hawiyah is expected to process an additional 800 million cfd of non-associated gas, raising the plant’s capacity to 2.4 billion cfd.
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