Aramco projects unscathed by crisis
Riyadh, November 19, 2008
Saudi Aramco's oil and gas field development projects will not be hit by the global financial crisis, a senior executive said in remarks aired on Wednesday.
"All our projects are long-term projects and not short-term ones therefore we don't see an impact," Abdullah Naim, vice president for petroleum engineering and development at the state-run conglomerate told Al Arabiya television.
"We don't think this crisis would be a long one. It will be a short one. It will pass like previous ones did," he added.
Naim was speaking on the sidelines of an industry conference. - Reuters