Saudi Arabia's state-owned oil company, which supplies 40% of the crude oil imported by Japan, has announced plans to increase its crude oil production capacity by nearly 10% by five years, saying that strong demand for crude oil is expected over the long term. Did.
Saudi Arabia's state-owned oil company, Saudi Aramco, announced its financial results for the last year on the 20th, with a final profit of 110 billion dollars, about 13 trillion yen in Japanese yen, demand due to the epidemic of the new coronavirus. The profit increased significantly, 2.2 times in 2020, when the number dropped.
On top of that, Saudi Aramco expects strong long-term demand for crude oil, and will increase capital investment by 2027, five years later, to increase its daily crude oil production capacity by nearly 10% to 13 million barrels. Announced plans to do.
Against the backdrop of increasing momentum toward a carbon-free society over crude oil production, major oil companies in Europe and the United States are increasingly withdrawing from their businesses, while some oil-producing countries are in short supply of capital investment as planned despite soaring crude oil prices. Production is not progressing.
"Energy security is a top priority in the world, so we will continue to increase our production capacity," said Nacelle, Chief Executive Officer of Saudi Aramco.