Daily Management Review

Saudi Arabia to boost oil production to 13M bpd


Saudi Arabia will increase oil production to 13 million bpd in five years.

Maarten Heerlien
Maarten Heerlien
The Kingdom of Saudi Arabia is making efforts to increase oil production to more than 13 million bpd by the end of 2026 or early 2027, the country's Energy Minister Abdulaziz bin Salman Al Saud said on Monday during an energy conference in Bahrain.

"We will reach production of 13.4 million bpd by the beginning of 2027," Al Arabiya TV quoted the Saudi minister as saying. At the same time, he said, the kingdom can maintain production at this level after it is reached, if the market needs such volumes of oil.

According to the minister, "the transition to gas and renewable energy inside the country will also increase oil exports".

source: reuters.com