Saudi Aramco renews commitment to long-term plans

Oil company Saudi Aramco on Monday renewed its commitment to long-term investment plans in oil and gas during the global financial crisis, which has dampened demand for sources of energy.

“Despite the difficulty in the current global economic climate and … challenges facing the energy sector, the kingdom will continue its long-term investments to expand oil and gas sectors,” Chief Executive Khalid al-Falih said in a statement.
Reuters