It can't be for symbolic reasons that Saudi Aramco is reopening the long-shut Dammam field, opened in 1938 and shut years ago.
And, if it was economically unfeasible in 2008, when oil prices were even higher than now, then why now? Are the Saudis losing more and more easy production? Are they expecting that much of a ramp-up in Chinese demand? A bit of both?
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