Saudi Arab to boost oil output capacity by 1m barrels per day

JEDDAH: Saudi energy giant Aramco said Wednesday it plans to raise its production capacity by one million barrels per day to 13 million bpd as a price war with Russia escalates.

“Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd,” the company said in a statement to the Saudi Stock Exchange.

Must Read

Gold price in Pakistan for today, November 22, 2024

Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa Markets in...