BIG E&P PROGRAM OUTLINED IN SAUDI ARABIA

Capital spending by Saudi Arabian Oil Co. could total as much as $44.6 billion in 1990-2000 in Saudi Arabia, with another $60 billion spent on operating costs during the same period. The figures appear in Saudi Aramco's quarterly capital programs bulletin from November 1989 published by Business International's Saudi Arabian Monitor, London. Since the end of last year the $44.6 billion figure may have been cut to $36 billion, the report said.

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