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A senior official from the hydrocarbons giant Saudi Aramco has said that increased demand for crude oil from Asia has allowed Saudi Arabia to increase production to as much as 8.5 million barrels per day (bpd).
Bloomberg reported that Khaled Al Buraik, executive director of Saudi Aramco Affairs said that Aramco are pumping between 8 million and 8.5 million bpd. Production from the KSA was as low as 7.86 million bpd earlier in the year.
“Our production in 2010 will definitely be increasing but we will still have millions of barrels in spare capacity. We have 4 million in spare idle capacity now,” Buraik is reported by Bloomberg as saying.
Saudi Arabia has got the capacity to pump as much as 12 million bpd a day if demand required it.
