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Wednesday, 18 January 2017

Saudi Aramco to continue building oil, gas capacity to meet demand : CEO | Reuters

Saudi Aramco to continue building oil, gas capacity to meet demand : CEO | Reuters:

"Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. "What we are doing at Saudi Aramco is building our capacity in oil, we are the most reliable oil producer, we have a maximum sustained capacity of 12 million barrels per day (bpd). The kingdom has a capacity of 12.5 million bpd," Nasser said on Tuesday. He did not say there were immediate plans to expand Aramco's oil production capacity beyond the current 12 million bpd‎."



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