09 December 2011
A new gas field has been discovered in the Red Sea, on the North is Saudi Arabia, country's Oil and Natural sources minister Ali al-Naimi said, Aleqt news agency reported.

He added that the extraction of gas on this field will begin soon.

The minister also said that few new oil fields have been found in various Saudi Arabia regions.

The exact amounts of found oil and gas were not spoken of, as works on establishing them will begin shortly.

On Wednesday, Saudi Arabia said it was pumping oil at the highest rate for decades in a signal to fellow producers and buyers just a week before an OPEC meeting that it intends to meet customer demand with more output if necessary.

A senior Saudi oil official said the kingdom produced 10.047 million barrels per day (bpd) of crude oil excluding condensate in November, well above previous estimates.

© Trend News Agency 2011