A Saudi oil executive has challenged the idea that supplies are running out, saying that just 18 per cent of the global supply of crude has been tapped.
The Hawiyah programme will produce 310,000 barrels of ethane and liquefied natural gas (LNG) products by 2008, through the Hawiyah plant and an expansion of the Juaymah gas fractionation plant near Ras Tanura.
It was not clear if the fire would delay the project.
Japan’s JGC Corp was awarded the contract for the Hawiyah’s liquefied natural gas production facilities.
Italian oil and gas company, Eni, is carrying out work related to gas treatment and compression facilities at the plant.