Markets

Saudi Aramco plans gas investments of $150 bln over next decade - CEO

Published November 27, 2018 Updated November 27, 2018 08:35am

"We also have world-class unconventional gas resources that are rapidly supplementing our large conventional resources ... currently we have 16 drilling rigs concentrating on unconventional gas and more than 70 wells completed this year," CEO Amin Nasser said at a conference in Dubai.

Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally, in addition to potential acquisitions.

Copyright Reuters, 2018