Saudi Aramco shocks industry with sudden pause in capacity expansion plans

Bernstein Research noted that Safaniyah and Manifa developments, towards the back end of Aramco's development plan, are likely to be postponed

Oil production capacity: Amin Nasser, the chief executive of Saudi Aramco.
Oil production capacity: Amin Nasser, the chief executive of Saudi Aramco.Photo: AFP/SCANPIX
Published 30 January 2024, 06:10Updated 30 January 2024, 12:01