Tags: ML | Saudi | Oil

Saudi Aramco Says it Will Increase Oil Production Capacity

Wednesday, 11 March 2020 04:38 AM EDT

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.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
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...
ML,Saudi,Oil
69
2020-38-11
Wednesday, 11 March 2020 04:38 AM
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