Saudi Aramco planning for more oil expansion – GlobalData – ZAWYA

Saudi Aramco planning for more oil expansion – GlobalData – ZAWYA

With the new expansion projects, Saudi Aramco will add 1.45 million barrels per day (bpd) more to its oil capacity, according to GlobalData's recent report 'Saudi Aramco After IPO - Company Overview and Development Outlook'.. Saudi Aramco, the producer of one eight of the world's crude oil from 2016 to 2018, mainly depends on oil production, with 88% of its total 2018 upstream output coming from crude.. Although the developments will also add gas and NGL capacity, the main addition will be oil.". The Saudi company is able to respond to market supply and demand fluctuations, namely that the company's MSC capacity in 2018 reached 12 million barrels per day in addition to its spare capacity of 10.5 million bpd oil produced and the remaining 1.5 million bpd..