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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi Arabia Set for Oil Output Capacity above 13 Mln Bpd by 2027, Says Minister

Abdulaziz bin Salman Oil Saudi Arabia OPEC Bahrain NOPEC United States
Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, speaks during the Future Aviation Forum in Riyadh, Saudi Arabia, May 9, 2022. (Reuters)

Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.

Prince Abdulaziz bin Salman told an energy conference in Bahrain that production could be maintained at that level once it was reached should market demand require it.

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