Saudi Aramco raises 2030 gas target as capex growth to slow on oil
March 11, 2024 Comments Off
Saudi Arabia’s energy giant Saudi Aramco raised its target for increased natural gas production on March 10 and lowered its capital expenditure forecast for crude oil after being ordered to halt work on expanding oil production capacity. The cancellation on expanding the maximum sustainable oil production capacity to 13 million b/d by 2027 from 12 million b/d means Aramco will…
Saudi Aramco raises 2030 gas target as capex growth to slow on oil
Saudi Arabia’s energy giant Saudi Aramco raised its target for increased natural gas production on March 10 and lowered its capital expenditure forecast for crude oil after being ordered to halt work on expanding oil production capacity. The cancellation on expanding the maximum sustainable oil production capacity to 13 million b/d by 2027 from 12 million b/d means Aramco will…
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