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Saudi Aramco to raise oil output by 1 mn bpd as price war escalates

'Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd,' the company said

AFP | PTI  |  Riyadh 

oil, crude oil

Energy giant said Wednesday it plans to raise its production capacity by one million barrels per day to 13 million bpd as a price war with Russia escalates.

"announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd," the company said in a statement to the Saudi Stock Exchange.

First Published: Wed, March 11 2020. 12:56 IST
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