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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




Tags: Saudi Aramco | Financial crisis |

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