Aramco to enlarge oil output to 12.3m bpd
Dubai
Saudi Aramco said today that the company would increase its crude output to 12.3 million barrels per day (bpd) in April
The new production level will be ”an increase of 300,000 barrels per day over the company’s maximum sustained capacity of 12 MMBD,” Aramco said in a statement to the Saudi stock exchange.
“The Company has agreed with its customers to provide them with such volumes starting April 1, 2020. The company expects that this will have a positive, long-term financial effect.”
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