Wednesday, December 4, 2024
Saudi Aramco to press ahead with plan to boost output capacity, CEO says- oil and gas 360

Saudi Aramco to press ahead with plan to boost output capacity, CEO says

Reuters DUBAI/RIYADH (Reuters) – Saudi Aramco (2222.SE) is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group’s CEO said on Monday. Aramco’s capital spending plan for 2021 will be “significantly lower than previous guidance,” CEO