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The world's largest crude exporter has around 12 million bpd of production capacity. An offshore oil platform associated with the offshore Marjan field. Getty Images. Saudi Aramco awarded $18 billion (Dh66.1bn) worth of contracts to boost production capacity by 550,000 barrels per day at its Marjan and Berri oilfields as well as increase gas output by 2.5 billion cubic feet per day. The Saudi state producer said on Tuesday around 34 contracts were awarded as the world’s largest oil exporter looks to sustain its production capacity at 12 million bpd. “These two programmes will significantly enhance Saudi Aramco’s oil production and gas processing capabilities, both strengthening our posi... Full story

9 July