Saudi Aramco aims to boost oil production

22 March 2022

Saudi Aramco has announced plans to raise oil production by around 1m barrels per day.

In full year results for 2021, the Saudi Arabian oil giant said it would raise crude oil maximum capacity to 13m barrels per day by 2027, up on 12m currently. It said it could potentially increase gas production by more than 50% by 2030.

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