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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: neolib who wrote (226812)4/12/2007 11:16:27 AM
From: Wharf Rat  Respond to of 281500
 
Hard to make up a MBPD when the largest field, Ghawar, is depleting at 8%.

A top Saudi bank expects fall in oil production
Reuters via Gulf News
Original title: "Government spending to boost Saudi Arabia GDP"

...Saudi oil production is expected to fall from an average 9.12 million barrels per day in 2006 to 8.44 million bpd in 2007. "For 2007 ... we forecast oil prices to rise/fall by $3 per barrel," it said.
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