Oil capacity of saudi arabia
Saudi Aramco will return to maximum capacity by November, Nasser says Squawk Box Europe DUBAI — Saudi Arabia's full oil production capacity will be recovered by the end of November, Saudi Saudi Arabia maintains the world’s largest crude oil production capacity, estimated to be approx. 11 Mbbl/d at mid-year 2008 and announced plans to increase this capacity to 12.5 Mbbl/d by 2009 Cumulative production through the end of 2009 was 119.4 billion bbl. Using the stated number of 267 Gbbl, past production amounts to 40% of the stated Saudi Arabia has burned through around 100 million barrels over the past three years, cutting stockpiles from 330 million barrels in 2015 to 229 million as of July 2018. That essentially means that buyers have been demanding more oil than Saudi Arabia was producing,