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FinancialNews
12-03-20
Saudi Aramco to raise its crude production capacity by 1 million barrels per day
(MENAFN) Saudi Aramco plans to increase its crude production capacity by 1 million barrels for each day to 13 million barrels for each day.
According to a statement by Saudi Aramco to the Saudi Stock Exchange, "Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd".
Aramco would offer all of its resources to reach to the improved capacity rapidly, as said by CEO Amin Nasser; Nasser said Aramco will increase its crude supply, which includes oil to its customers inside Saudi Arabia and abroad, to 12.3 million barrels per day.
Every oil producer has to keep its market share, according to Saudi Energy Minister Prince Abdulaziz bin Salman.
MENAFN1203202000450000ID1099841103
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