Saudi Arabia Sees Oil Output Rising to 16 Mln Barrels Daily in 2025: CSIS

Saudi Arabia, the world’s leading oil producer with 12.5 percent of global output, will be able to offer 16 million barrels per day (mbpd) in 2025, the Center for Strategic and International Studies forecast.

“The CSIS sees Saudi capable of doing at least 16 mbpd in 2025,” CSIS expert Nawaf Obaid told a small group of reporters.

The oil kingpin currently produces 9.5 mbpd and says it can immediately increase the amount to 11 mbpd, rising to 12.5 million by 2009.

Obaid said that Saudi Arabia was working to increase its refinery capacity.
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