BUSINESS Saudi to boost oil output capacity by 1 mn barrels per day: Aramco

BUSINESS

Saudi to boost oil output capacity by 1 mn barrels per day: Aramco

AFP

15:19, March 11, 2020

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File photo: VCG

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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