Saudi Oil Capacity to Climb 48% by 2025, Wood Mackenzie Says

Saudi Arabia, the world’s largest oil producer, may increase its oil production capacity by 48 percent in 2025 to meet rising global demand, Edinburgh-based consultant Wood Mackenzie said.

The maximum pumping rate may rise to 16 million barrels a day, said Kate Broughton, head of oil research at Wood Mackenzie. Nearer-term, the country may miss its goal of raising capacity to 12.5 million barrels a day by 2009, taking until 2011 to meet that target, she said.

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