We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Saudi Aramco to complete Karan gas project by 2012

State oil giant Saudi Aramco will complete its first offshore non-associated gas field project Karan by 2012, it said in an annual review released on Monday.


June 7, 2011 9:30 by

Aramco had said it expected work on Karan to be completed in 2013 with a capacity to process 1.8 billion cubic feet per day of gas.

“When fully operational in 2012, the project will produce 1.8 billion scfd of raw gas,” Aramco said in the review.

It added initial production of 400 million cfd of gas “planned during peak summer demand (will be) starting in 2011,” in line with previous announcements while output of raw or unprocessed gas is expected to be 1.5 billion cfd by 2012.

Aramco said it produced 9.4 billion cubic feet of gas per day in 2010, up from 8.6 billion cfd in 2009.

The state-owned company continues to focus on raising gas output to meet rising domestic demand for power and petrochemicals.

It is now building two major gas projects, Wasit and Shaybah natural gas liquids (NGL) which will both be completed in 2014.

Domestic demand for gas in the world’s largest oil exporter is growing at 5 to 6 percent annually.  (Reporting by Reem Shamseddine; editing by James Jukwey)


Tags: , ,

Leave a Comment