Live Breaking News & Updates on Safaniyah Oilfield

L&T shares fell on reports of Saudi Aramco deferring $10bn Safaniyah oilfield projects. L&T s bidding pipeline in West Asia remains strong, with prospects in Blue Ammonia, Desulphurisation, petrochemical projects, Indian market, and Aramco projects. Last month Aramco announced its decision to pause expansion of its oil production capacity following a governmental directive. Aramco would target a maximum sustained production capacity of 12 million barrels per day (bpd), 1 million bpd below a target announced in 2020. ....

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