Saudi Aramco to raise output capacity to 12.3 million b/d by 2025

Saudi Aramco plans to raise its sustainable production capacity to 12.3 million b/d by 2025.  Saudi Arabia claims a current production capacity of around 12 million b/d but Platts Analytics estimates this at closer to 11.5 million b/d.  CEO Amin Nasser stated that in 2026, Aramco should go to 12.7 million b/d before reaching 13 million b/d by 2027.