Saudi Arabia transfers 8% of Aramco shares to the Public Investment Fund. After the process of transferring the shares, the percentage of state-owned shares in Aramco became 82.186% (French) Aramco is a Saudi energy company that manages a proven oil reserve of 260 billion barrels, and another of natural gas estimated at 288 trillion cubic feet.
The Kingdom's daily production of crude oil currently stands at 9 million barrels, which is less than its maximum capacity of 12 million barrels per day.