Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned oil giant said on Sunday. Aramco, which reported yesterday a jump in Q2 net profit amid rallying oil prices like all international oil majors, also updated the market on its projects to boost production capacity. The Saudis are aiming for 13 million bpd of production capacity, up from 12 million bpd now. In its earnings report on Sunday, Aramco said that…
