Saudi Arabia To Boost Oil Production Capacity To 13 Million Bpd in 2027

Saudi Arabia’s state oil giant Aramco continues to see healthy global oil demand ahead and expects to have boosted its oil production capacity to 13 million barrels per day (bpd) by 2027 from 12 million bpd now, Saudi Aramco’s chief executive Amin Nasser said on Monday. The capacity expansion will come fully online by 2027 and will come on in chunks, Nasser said at the Energy Intelligence Forum today. The Saudi giant, the world’s biggest oil firm and the largest oil exporter globally, is working as fast as it can to reach that…