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International Business Times
International Business Times
Business
AFP News

THE TRUTH ABOUT: Saudi aramco halts plan to raise production capacity statement | History Defined

Aramco Saudi Arabia Oil
Saudi Arabia is the world's largest crude exporter and Aramco is the jewel of the Gulf kingdom's economy  (Credit: AFP)

Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.

"Aramco announces that it has received a directive from the ministry of energy to maintain its maximum sustainable capacity (MSC) at 12 million barrels per day" instead of ramping it up to 13 million bpd, the firm said in a statement.

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