Tags: ML | Saudi | Oil

Saudi Aramco Says it Will Increase Oil Production Capacity

Wednesday, 11 March 2020 04:38 AM

DUBAI, United Arab Emirates (AP) —

Saudi Arabia's oil company Aramco says it will increase production capacity to 13 million barrels per day, up from 12 million per day.

The majority state-owned company's announcement, made on the Saudi Tadawul stock exchange on Wednesday, did not say when that capacity increase would happen.

Aramco says the decision to increase capacity was a directive to the company from the Saudi Energy Ministry.

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Saudi Arabia's oil company Aramco says it will increase production capacity to 13 million barrels per day, up from 12 million per day. The majority state-owned company's announcement, made on the Saudi Tadawul stock exchange on Wednesday, did not say when that capacity...
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2020-38-11
Wednesday, 11 March 2020 04:38 AM
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