Aramco implements expansion plans at Shaybah oil field

Updated 24 June 2015
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Aramco implements expansion plans at Shaybah oil field

DHAHRAN: As part of Saudi Aramco’s mega projects, it is implementing expansion plans at Shaybah field in the Empty Quarter to increase oil production capacity and natural gas liquids (NGL) at an estimated cost of SR186.75 billion. Saudi Aramco's joint projects in the field of refining and petrochemical production are estimated at SR131.25 billion.
The Shaybah field expansion focuses on two major projects. First is oil production increase by 250,000 barrels per day (bpd), for the second time. The expansion will provide the Shaybah field with a capacity of 1 million bpd of Arabian Extra Light crude oil by April, 2016, double its initial capacity in 1998.
Moreover, the Saudi oil company is working to improve the design of wells to increase the average reservoir contact to 10 km, enhancing production from the deep, tight faces of the reservoir.
As for the second project, Saudi Aramco will construct a new NGL plant, to meet the growing demand for petrochemical feedstock through the extraction of high value NGL of the produced gas, which is expected to begin in the second quarter of 2015.
The NGL plant project also includes a major upgrade to increase the power generation capacity to more than 1 GW by installing four cogeneration units, seven single cycle units, and a 50 km transmission line with the ability of 230 kilovolt.
After installing two turbo steam generators by July 2017, the Shaybah total power generation capacity will exceed 1.3 GW.
Aramco uses natural gas as a vital alternative to reduce the Kingdom's dependence on the liquid fuel to generate electricity and to lay the foundation for further development and economic diversification.
On April 2011, Saudi Aramco stated its intentions to expand the Shaybah field after implementing expansion works that included a fourth plant to double production capacity of the Arabian Extra Light crude oil from 500,000 bpd to 750,000 bpd, besides the establishment of a new plant for gas-oil separation.
The Shaybah oil field imposed major challenges during its discovery and development due to the temperatures that soared there to 55° Celsius with heavy dust storms and the shifting sands. Despite the harshness of its climate, the Shaybah field has the best Arabian Extra Light crude oil with a specific gravity of 42 degrees at depth of 4,900 meters.
It includes four plants, and the oil pipeline from the Shaybah field to Abqaiq is 638 km long. The total number of drilled wells reached 255 wells, including 205 horizontal oil wells, 34 vertical oil wells, 8 wells for gas injection, and 5 wells of groundwater.


Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

Updated 13 January 2026
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Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

  • The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
  • Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution

LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.

The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.

Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.

“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.

Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.

Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.