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Saudi Aramco Makes 7 New Hydrocarbon Discoveries

My cup floweth over. Saudi Aramco, the largest oil producer in the world, is reported to have made seven new oil & gas discoveries, all within the Saudi Kingdom, specifically in its Eastern Province and Empty Quarter.  The seven discoveries include: two gas reservoirs, two gas fields, two shale oil reservoirs, and one light oil reservoir. Aramco reports it plans to spend $50 billion on further exploration and development activities.


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