Tue, 2020-03-17 03:20
DUBAI: Saudi Aramco, the world’s biggest oil company, is working on plans to speed up a big rise in productive capacity as the battle for market share in the global crude business increases.
Amin Nasser, president and CEO, told analysts in a web broadcast that Aramco could produce 12 million barrels per day by next month, and reach 12.3 million barrels from existing inventory within months. That level could be sustained without any additional capital expenditure.
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