Saudi Aramco executives have met with the CEOs of some of the top engineering companies in the world here to share updates on three crude oil and natural gas mega-projects that are in the works in the Kingdom of Saudi Arabia. The projects will provide crude oil and products to the world and natural gas for the Kingdom's petrochemical, seawater desalination and electrical power industries, according to a press release of Saudi Aramco. The construction projects are a fast-track 500,000-barrel-per-day Arab Light crude production project, which will pump oil from Saudi Arabia's Abu Hadriyah, Fadhili and Khursaniyah fields; a natural-gas liquids (NGL) plant at Saudi Aramco's existing Hawiyah Gas Plant; and an expansion of the existing gas fractionation plant at Ju'aymah Gas Plant. President and CEO Abdallah S. Jum'ah praised teams for their rapid progress on the challenging projects, which he said are essential to help meet fast-growing domestic and international demand for petroleum products, and natural gas. "Saudi Aramco has a strategy consistent with the Kingdom's policy of having between 1.5 million to 2 million barrels of excess capacity," Jum'ah told gathered executives and contractors. "This brings stability to the world economy, and we all benefit from that. We can do it, but it's a team effort - and we need your commitments to get the jobs done as planned and on time." --MORE 1029 Local Time 0729 GMT
