Prince Mohammed bin Fahd Bin Abdul-aziz, Governor of the Eastern Province, Ali . Al-Naimi, Minister of Petroleum & Mineral Resources and Saudi Aramco will be presenting Saudi Arabia's future plans for the energy, petrochemical, power, water, mining and refining sectors on Nov. 18-20, 2006, in Dammam, Saudi Arabia. With a worldwide demand for hydrocarbons constantly on the increase, Saudi Arabia's proven reserves of 235.0 trillion cubic feet is the most attractive gas market. The Minister and senior Saudi Aramco representatives will join a host of national and international companies in Dammam to discuss future projects available in the Kingdom, according to a report carried by Saudi Aramco's web-site. Saudi Arabia's investment plans will include: A substantial increase in Saudi Aramco's planned refining capacity in the Kingdom of Saudi Arabia over the next 5 years $115 billion capital investment that is required in the power sector by 2023 SWCC estimated $43 billion, which will be necessary for future desalination projects Investment of $100 billion required in water and sanitation projects over the next 20 years The Saudi Energy Forum will take place over three days at the Eastern Province Chamber of Commerce and Industry. This unique gathering is designed to provide an unrivalled platform for senior-level government and industry leaders, project developers and potential joint-venture partners to discuss upstream gas and downstream projects. Key topics of discussion will include: Saudi Aramco's gas projects and upstream gas joint ventures Growth and opportunities in Saudi Arabia's petrochemicals value chain Project finance mechanisms Contractor, manufacturing and service industry involvement in major projects Leveraging energy for the power, water and mining sectors.
