The head of Aramco spoke about the plans of the oil giant for the future

Saudi Aramco President and CEO Amin Al-Nasser confirmed work to increase oil production from 12 million bpd to 13 million bpd by 2027.

Al Nasser said in a statement to CNBC Arabia that Aramco will announce its results next March and we expect positive results for the company.

And in May 2022, Saudi Energy Minister Prince Abdulaziz bin Salman expected the kingdom to be able to increase its daily oil production capacity by more than one million barrels, surpassing 13 million barrels per day in early 2027.

And the giant Saudi Aramco announced in March 2020 that it had received directives from the Energy Department to increase production per day from 12 to 13 million barrels per day, without providing a timetable for this.

Source: AFP + CNBC.