17:55 - 16.05.2022

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May 16, Fineko/abc.az. The Kingdom of Saudi Arabia expects to increase oil production to 13 million bpd by the beginning of 2027, ABC.AZ reports, citing Energy Minister Abdulaziz bin Salman Al Saud during an energy conference in Bahrain.

"The kingdom intends to gradually increase oil production by 1 million bpd by the end of 2026 or the beginning of 2027," the minister said.