Saudi Arabia will invest $20 bln to boost spare oil capacity: Al-Falih

04/10/2018 Argaam

 

Saudi Arabia will invest $20 billion in the next few years to maintain and expand its spare oil production capacity, Reuters reported on Thursday, citing Energy Minister Khalid Al-Falih.

 

The Kingdom's oil production capacity stands at 12 million barrels per day.

 

Al-Falih said Wednesday that Saudi Arabia had raised oil production to a near-record level of 10.7 million barrels per day in October to meet rising crude demand.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read