"Saudi Arabia Directs Aramco to Maintain Oil Production Capacity at 12 MMBD"
TL;DR Summary
Aramco has been directed by the Ministry of Energy to maintain its Maximum Sustainable Capacity at 12 million barrels per day, as per the Hydrocarbons Law, and not to increase it to 13 million barrels per day. The company will update its capital spending guidance when its full-year 2023 results are announced in March.
Topics:business#aramco#energy#hydrocarbons-law#maximum-sustainable-capacity#ministry-of-energy#saudi-arabia
- Aramco receives directive to maintain MSC at 12 MMBD Aramco
- Saudi Arabia Orders Aramco Not to Raise Oil Production Capacity Further Bloomberg
- Saudi Arabia lowers Aramco max capacity target back to 12 mbpd Reuters
- Saudi Aramco says it won’t boost production after energy ministry order MarketWatch
- Saudi Arabia's Aramco halts plans to increase maximum oil production capacity CNBC
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