Aramco has 2M bpd of spare capacity

Oil giant Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies, the company head said.

Aramco, the world’s thirdlargest crude oil producer, is producing about 10 million bpd and has the capacity to produce 12 million bpd, Amin Nasser, the company’s chief executive, said on the sidelines of a conference in New Delhi.

“We have a healthy spare capacity ... that will be availed to meet additional demand and any interruptions in supply if it happens,” Nasser said.