Barclays: Saudi Arabia refocusing Aramco's strategy

09/16/2013
Saudi Arabia, with domestic oil use trimming exports and threatening the kingdom's trade position, is refocusing the strategy of its national oil company, according to a Barclays analyst. James C. West writes in a research note that Saudi Aramco is emphasizing natural gas development, pursuing opportunities in unconventional resources, and trying to become a technological leader. The new push for on natural gas in part represents an attempt to displace subsidized oil in power generation. Saudi oil use increased to 2.9 million b/d, 25% of production, in 2012 from 1.6 million b/d, 17% of production, in 2000. With internal consumption rising, Saudi Arabia has less oil available for the expor...
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