Saudi Arab may augment oil production in last quarter of 2021

Moscow: Amid the reports of decreasing oil production by Oil Producing Countries, Saudi Arabia has announced to augment its oil production to 11 million barrels a day  by  last quarter of the year.

The decision has been apparently taken to address the demand of oil in the world. International media said quoting Saudi Arab’s Energy Minister Prince Abdulaziz bin Salman.

He said that the Saudi Government in all likelihood to increase the oil production substantially within next three four months. He was responding to media persons who wanted to know when the Saudi Arab wants to increase oil production to meet global demand.

Asked when the production will reach 13 million barrels a day, he said that it is also possible in the coming days.

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