Official: Aramco is capable of reaching its maximum production capacity of 12 million barrels per day within 3 weeks

SAUDI ARAMCO

SAUDI ARAMCO

2222.SA

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DUBAI, May 11 (Reuters) - Saudi Aramco President and CEO Amin Nasser said on Monday that the company is capable of reaching its maximum sustainable production capacity of 12 million barrels per day within three weeks if needed.

He added that the energy supply shock that began in the first quarter of the year is the largest the world has ever seen, and that if the disruption to navigation in the Strait of Hormuz, due to the US-Iran conflict, continues for a few more weeks, the oil market will not return to normal until 2027.


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