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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: orkrious who wrote (19779)	12/29/2004 1:31:00 AM
From: mishedlo	Read Replies (1) of 116555

Saudi Oil Two days ago the saudis inaugurated the Qatif Producing Plants Projects, the largest project of it's kind in the world. 500k bbl a day of arab light and 300k bbl of arab medium total production. asia.news.yahoo.com Some other future devolpments. Haradh 2- The second part of the 3 part devolpment still looks to come onstream in 2006. With daily 330k bbl crude and 170k bbl of condensate (refinery and chemicals feedstocks) Abu Hadriyah Fadhili & Khursaniyah should be onstream in 2007 and product 500k additional output of light sweet crude After that the Khurais field is supposed to have a 800k bbl/day output bump, in 2008. There also are multiple small, under 100K/day, projects bumping around the kingdom at the moment. Also of note, Niami indicated that the kingdom may increase their declaired reserves by over 70%. Also there was some indication that they may start reporting updated reserves yearly. news.google.com

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