Saudi production capacity to reach 13.3 mil-13.4 mil b/d by 2026-27

摘要

Saudi Arabia’s crude production capacity is poised to reach 13.3 million-13.4 million b/d by end-2026 or early 2027 as it looks to ramp up work at the Neutral Zone fields with Kuwait, Energy Minister Prince Abdulaziz bin Salman said May 16. The kingdom currently has the capacity to pump more than 12 million b/d of crude. “We are going to [produce] 13.3 million-13.4 million b/d mostly from the Neutral Zone by the end of 2026-27," Prince Abdulaziz said at the MPGC conference in Bahrain. “We can continue maintaining sustainable production. Like any other producer. We’re working in a market where backwardation is more a blessing than a curse."