"The big risk in Saudi Arabia is that Ghawar's rate of decline increases to an alarming point. That will set bells ringing all over the oil world because Ghawar underpins Saudi output and Saudi undergirds worldwide production."

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Source : "Forecast of Rising Oil Demand Challenges Tired Saudi Fields" by Jeff Gerth, www.nytimes.com. February 24, 2004.

Ali Morteza Samsam Bakhtiari

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