Saudi Arabia: no additional capacity to increase oil production beyond 13 million bpd – The National

Saudi Arabia: no additional capacity to increase oil production beyond 13 million bpd – The National

Saudi Arabia will not have any additional capacity to increase oil production beyond 13 million barrels per day, Saudi Arabia’s Crown Prince Mohammed bin Salman said during his address at the US-Arab summit in Jeddah.

“The kingdom has announced an increase in its production capacity level to 13 million barrels per day, after which the kingdom will not have any additional capacity to increase production,” he said.

The kingdom previously said it is targeting production capacity of 13 million bpd by 2027.