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Saudi Aramco halts plan to raise production capacity: statement

Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday. "Aramco announces that it has received a directive from the ministry of energy to maintain its maximum sustainable capacity (MSC) at 12 million barrels per day" instead of ramping it up to 13 million bpd, the firm said in a statement. ....

Ar Riya , Saudi Arabia , United Arab Emirates , Crown Prince Mohammed , Oil Production , Production Capacity ,

Saudi govt directs Aramco to limit refining capacity to 12 million barrels a day

Saudi Arabia s government on Tuesday ordered state oil company Aramco to halt its capacity expansion plan and to rein in production to a sustainable level of 12 million barrels per day (MPD) ....

Saudi Arabia , Oil Gas News , Ndustry News , Usiness News ,