Aramco CEO Sees Oil Demand Growth of About 1.5M B/D in 2024

Saudi Aramco CEO Amin Nasser says demand growth is robust and that company is ready whenever the government wants to raise capacity.

• 2023 CAPEX will be in range of $48b-$52b
• Zuluf, Marjan and Berri expansion are still ongoing
  • NOTE: Saudi Aramco Drops Expansion Plan, Raising Demand Questions
• Any new stake sale is for government to decide
  • NOTE: Saudi Arabia Said to Line Up Goldman, Citi for Aramco Share Sale

--With assistance from Omar Tamo.

To contact the reporter on this story:
Matthew Martin in Riyadh at mmartin128@bloomberg.net

To contact the editors responsible for this story:
Dana Khraiche at dkhraiche@bloomberg.net ...