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More Oil - Saudi Arabia - Chevron Testing Method to Extract
S.Arabia -Wall Street Journal(NY,USA) - -9 July 2006: -- Crude oil prices have more than tripled since 1992 and prices reached an all-time closing-price high last Wednesday, finishing the day on the New York Mercantile Exchange at $75.19 a barrel... So, Saudi Arabia is exploring technologies to unlock its hard-to-tap reserves of heavy crude oil... The efforts could boost the world’s largest oil producer’s output to even higher than its easier-to-pump light crude... Earlier this year, U.S. oil firm Chevron ran field tests that inject stem into sludge-like heavy wells in Saudi Arabia, and the company plans more tests after positive initial results...
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