Publications by APS Review Oil Market Trends: Saudi Arabia - Expansion Background.

Publications by APS Review Oil Market Trends Resent articles by the "APS Review Oil Market Trends" from The Free Library

Saudi Arabia - Expansion Background. Oct 5th 2015, 00:00 In the 1970s, the then American-owned Aramco was to expand its oil production capacity to 20m b/d by the late 1990s. Several factors combined to limit its capacity from over 11m b/d in the early 1980s to 7.5m b/d in late 1989. After it was taken over by the state, becoming Saudi Aramco (SA) in 1988, the idea was to have a sustainable capacity of 10m b/d by 2000. But the actual projects were...

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