Saudi Arabia to increase oil production potential, promising US
Saudi Arabia Crown Prince Mohammed bin Salman promised to boost daily production potential from 12 million to 13 million during a visit by US President Joe Biden. He noted that there is no more capacity to boost upwards beyond that.
- Economy
- DPA
- Published Date: 06:04 | 16 July 2022
- Modified Date: 07:05 | 16 July 2022
Saudi Arabia is going to be increasing the daily oil production capacity of the country by a million barrels, according to its leadership of it.
However, it should be noted that this boost does not necessarily mean more actual oil production.
The promise to boost daily production potential from 12 million to 13 million came from Crown Prince Mohammed bin Salman during a visit by US President Joe Biden. The crown prince noted that there is no more capacity to boost upwards beyond that.
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