Saudi Aramco CEO says oil production capacity rapidly declining globally

26/10/2021 Argaam

Saudi Aramco President and CEO, Amin Nasser

Oil production capacity is decreasing rapidly around the world, Bloomberg reported, citing Saudi Aramco President and CEO, Amin Nasser.

 

This is a source of great concern as the spare capacity is shrinking, Nasser said, pointing out that companies need to increase investment in production.

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