Saudi Aramco set to tap shale

Suzie Neuwirth
SAUDI Aramco, the world’s largest oil exporter, plans to tap into the lucrative shale gas market and is ready to supply a major power plant project in northern Saudi Arabia, its chief executive said yesterday.

“Two years after launching our unconventional gas program in northern Saudi Arabia, we are ready to develop a 1,000-megawatt power plant,” said Khalid al-Falih at the World Energy Congress in South Korea.