Micromem Technologies Inc. (MMTIF): Re Aramco news to follow. Big potential...

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Wednesday, 09/19/2018 10:10:35 AM

Wednesday, September 19, 2018 10:10:35 AM

Re Aramco news to follow. Big potential demand for MMTIF's AROMA-TRACER,JMO!!!

Saudi Arabia: Saudi Aramco to spend over $133 billion on drilling over next decade

17 Sep 2018

State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday.

'We will spend more than half a trillion Saudi Riyals on drilling activities over the next decade, in compliance with the goals and objectives of the ambitious Saudi Vision 2030,' Mohammed al-Qahtani, Aramco’s senior vice president for upstream, said in a statement.

He was speaking at a graduation ceremony for the Saudi Arabian Drilling Academy (SADA) in Abqaiq, Saudi Arabia, according to the statement.

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Source: Reuters

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