Aramco project ‘on schedule’

The world’s top oil exporter Saudi Arabia is on track to complete in December the project that will give the largest boost to global output capacity this year, the state oil company Saudi Aramco said yesterday.

The Khursaniyah project to bring online around 500,000 barrels per day of light crude is more than double the next largest Opec capacity boost due this year.

“Khursaniyah is on schedule for completion in December this year,” a Saudi Aramco spokesman said.