Tuesday 19 March 2024
 
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oil burning

Saudi summer oil burn hits record high in 2012

Saudi Arabia burned record volumes of crude oil over the summer, official government figures show, contrary to its aim of using more gas for power generation to reduce wastage of crude that it could export. During the peak period

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Saudi oil burning more than doubles in 2010

Saudi Arabia is increasingly burning its biggest export product, crude oil, in power stations because of rapidly rising demand and a dearth of natural gas. Analysts at HSBC estimate Saudi Arabia's rate of direct crude burning more than

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