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Saudi drilling company eyes fast growth in oil, gas production

September 18, 2022 Comments Off

Saudi Arabia’s Arabian Drilling Co. is looking for growth in the kingdom’s crude oil and natural gas production as the country will be “critical” to meet demand for hydrocarbons that it sees from the Middle East and globally, according to a Sept. 18 statement about plans to sell shares. Saudi Arabia is expected to account for 30% of total Middle…