Lukoil aims to start natural gas production in Saudi Arabia in 2014:
"Russian oil producer Lukoil has announced that it has plans to start natural gas production in Saudi Arabia next year
Leonid Fedun, vice president of Lukoil, said, “We made a discovery of 400bn cubic metres in the country. This would be large enough and the first gas-producing project in Saudi Arabia.”
Lukoil had also secured a deal last decade to find and pump gas in Saudi Arabia from the project known as Block A.
The project creates a link between producer Organisation of the Petroleum Exporting Countries’ (OPEC’s) leading member and Russia, Reuters reported."
'via Blog this'
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