Aramco is ready to ramp up oil production to 12 million bpd whenever the Saudi government asks this of the company, CEO Amin Nasser said this weekend, as quoted by Arab News. Speaking at the presentation of Aramco's second-quarter and first-half results, Nasser noted that global oil demand is exhibiting healthy growth, and more would be coming from Asia. At the same time, the executive said he was worried about declining production rates at mature fields and the lack of investment in new oil exploration on a global scale. In that, the Aramco chief…
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