Released June 04, 2021 | NEW DELHI
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia's state-run oil company Saudi Aramco reported an average total hydrocarbon production of 11.5 million barrels of oil-equivalent per day in first-quarter 2020. This includes average crude oil production of 8.6 million barrels per day (BBL/d).
Early this year, Aramco decided to cut its crude oil production by 1 million barrels a day, citing a decrease in demand because of the COVID-19 pandemic. Nevertheless, the company is moving ahead with major projects, with expectations of adding 1.15 million BBL/d of production capacity by 2024. Projects include the Zuluf and Marjan offshore projects. If you subscribe to Industrial Info's Global Market Intelligence Production Database, click here to see related project reports.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Early this year, Aramco decided to cut its crude oil production by 1 million barrels a day, citing a decrease in demand because of the COVID-19 pandemic. Nevertheless, the company is moving ahead with major projects, with expectations of adding 1.15 million BBL/d of production capacity by 2024. Projects include the Zuluf and Marjan offshore projects. If you subscribe to Industrial Info's Global Market Intelligence Production Database, click here to see related project reports.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
