Capacity boost to 12mn b/d likely to drag up output

Issue 23 - 06 May 1980
There seems little doubt that the Saudis have speeded up their capacity expansion programme to permit sustained output of 12 million b/d by next year. That does not mean they will actually produce as much initially, but there is plenty of pressure to increase output substantially. If they do, then they will have no choice but to spend a lot of money developing additional reserves.

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