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Despite Coronavirus Saudi Aramco Assures Effective Production by Muslimsworldng: 2:55pm On May 04, 2020 |
With the global pandemic coronavirus and decrease in sales price of oil, Saudi Aramco has assured that it supply chain is uninterrupted. “Our inbuilt systems for managing global crises ensure all our sites remain operational. Our supply chains also remain uninterrupted, as we continue to work with our partners to ensure safe delivery of materials.” Aramco said This statement was released after Russia and other OPEC members promise to reduce their production by 9.7 million barrel per day (bpd) with the bearish trend of oil market. Saudi is expected to cut it production by 2.5 million bpd under the producers deal terms. With these agreement, Aramco reduces it crude sell price to Asia because of the fall in demand and complex refining. source:- www.muslimsworld.com.ng
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