Aramco gas supplies to rise 30% in 5 years

Saudi Aramco plans to raise its daily gas supplies by 30% within five years to 8 billion cubic feet, Al-Hayat newspaper quoted its chief executive Khaled al-Faleh as saying on Sunday.

Faleh also told al-Watan newspaper that the firm would rely on Islamic bonds in addition to initial public offerings and islamic loans to help finance joint ventures.

Aramco plans to build two refineries in a joint-venture with French Total and ConocoPhillips.