Saudi Arabia to burn less crude oil this summer, gas output up
2012-04-01 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi power plants are likely to burn less crude this summer due to rising output from dedicated gas fields and gas that would be associated with any increase in oil output to make up for lower Iranian production, Reuters has reported. According to official figures, the world's leading oil exporter burned an average of 730,000 barrels a day (bpd) of crude for electricity last summer to keep the population cool in the hottest months from July to the end of September. "We have spent a lot of money on gas ... and we have many tricks in our pocket in the summer. When we peak in summer, we will surge our gas," said Saudi oil minister Ali al-Naimi last week.  

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