Saudi Aramco chief optimistic on oil supply

05/23/2005
Saudi Arabia and Saudi Aramco can tap massive reserves to increase oil production to help meet growing worldwide demand, said Abdallah S. Jum’ah, Saudi Aramco president and chief executive officer.In a May 16 address at Rice University’s James Baker III Institute, Jum’ah cited the US Energy Information Administration’s projection that US oil demand will grow from 20.6 million b/d to nearly 28 million b/d by 2025 and noted that US production is expected to drop by almost 1 million b/d during that period.EIA forecast that Saudi capacity will need to grow from its current 11 million b/d to over 23 million b/d to meet world demand.Jum’ah said it’s difficult...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected