Saudi energy minister reveals why Aramco cut oil target by 1m bpd
- Date: 12-Feb-2024
- Source: Al-Monitor
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi energy minister reveals why Aramco cut oil target by 1m bpd
In January, the world's biggest corporate crude producer said it would halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027. Saudi energy minister reveals why Aramco cut oil target by 1m bpd