Saudi to boost oil output capacity by 1 mn barrels per day: Aramco
- Country:
- Saudi Arabia
Energy giant Saudi Aramco said Wednesday it plans to raise its production capacity by one million barrels per day to 13 million bpd as a price war with Russia escalates
"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 bpd," the company said in a statement to the Saudi Stock Exchange.
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