JEDDAH, 11 September 2006 — Saudi Aramco has discovered a new gas field in the Eastern Province with a daily capacity of 16.2 million cubic feet of gas, Minister of Petroleum and Mineral Resources Ali Al-Naimi announced yesterday. Speaking to Saudi Press Agency, the minister said the new Al-Kassab-1 field was located 50 kms south of Al-Ghawar field. The Kingdom has natural gas reserves of 238 trillion cubic feet and has been producing about 2.12 trillion cubic feet a year since 2003.
OPEC to Take Hard
Look at ‘Fear Factors’
William J. Kole, Associated Press
VIENNA — OPEC is not inclined to tinker with production, oil ministers signaled yesterday on the eve of a key organization meeting, contending there is plenty of crude to satisfy world demand. But with prices tumbling to five-month lows, the 11-nation Organization of Petroleum Exporting Countries will take a hard look at what its chief, Edmund Daukoru, calls “the fear factors”: Pipeline problems and political unrest that give global markets the jitters.
Pakistan Trade
Mission Coming
Arab News
JEDDAH — A 16-member Pakistani trade delegation will visit Saudi Arabia from Sept. 11-14. The mission, headed by a top official of Lahore Chamber of Commerce & Industry, includes businessmen representing textiles and textile products, poultry industry, recreation parks, hand-knotted carpets, petrochemicals, electrical and electronic goods, embroidery and women’s garments, publishing of books, auto parts, rice, poultry related equipment, medicine, chemicals and disinfectants. The delegation plans to explore all possibilities of increasing bilateral investments and trade. It will visit the Riyadh and Jeddah chambers of commerce and industry respectively on Sept. 12 and
