Saudi Arabian Oil Company (Saudi Aramco) will provide its customers with 12.3 million barrels per day (mbpd) of crude oil in April, an increase of 300,000 barrels per day from the maximum sustained capacity of 12 mbpd.

 

The company said in a bourse filing on Tuesday that it has agreed with its customers to provide them with increased volume as of April 1.

 

The volume increase is expected to have a positive and long-term financial effect, the statement noted.

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