Saudi Aramco to Press Ahead with Oil Output Capacity Boost, Says CEO
08.17.2020 - NEWS

August 17, 2020 [Reuters] – Oil giant Saudi Aramco is moving ahead with plans to boost its oil output capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year, its chief executive said on Monday.
 
Aramco’s capital spending plan for 2021 will be “significantly lower than previous guidance”, CEO Amin Nasser also said on an analyst and investor call after the company’s quarterly results.

The previous capital spending guidance was $40 billion to $45 billion.

————-

Click Here to Access Today a 5,550 Tank Terminal Database With a Pro Trial
5,550 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Shell to Build Biofuel Facility in the Netherlands
09.24.2021 - NEWS
September 24, 2021 [thechemicalengineer] – SHELL plans to build an 820,000 t/y biofuels fac... Read More
Total Safety Supports Vopak's Annual Safety Day
09.24.2021 - NEWS
September 24, 2021 [Bicmagazine] – Total Safety recently supported Vopak’s Freeport s... Read More
Kuwait Completes Refining Expansion to Produce Less Polluting Fuel - State News Agency
09.24.2021 - NEWS
September 24, 2021 [Reuters] – Kuwait National Petroleum Co (KNPC) said on Tuesday it succe... Read More
Iran Looks To Attract $145 Billion In Oil Investment
09.24.2021 - NEWS
September 24, 2021 [OilPrice] – Iran is drafting plans to attract as much $145 billion dome... Read More