Saudi Arabia gives up on increasing oil production - Companies

2024-01-30T08:59:42.006Z

Highlights: Saudi Arabia has abandoned its plan to increase oil production. Aramco ordered to maintain its capacity at 12 million barrels a day and not increase it to 13 million. “Aramco announces that it has received a directive from the Ministry of Energy to maintaining its maximum sustainable capacity (MSC) at 12m barrels per day,” it said in a statement. The Saudi state oil company itself announced that it would not increase its capacity from 12m to 13m barrels each day.

Aramco will not increase it from 12 to 13 million barrels per day (ANSA)