RIYADH: Saudi Arabia plans to keep its crude oil exports at around seven million barrels per day for the first quarter despite planned refinery shutdowns, industry sources said, as the Opec producer is determined to end a global supply glut and boost prices. The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March, the sources said. Despite scheduled domestic refinery maintenance in the first quarter, Saudi Arabia has no plans to boost crude exports by much above seven million bpd for those months, the sources added. Saudi Arabia’s 400,000 bpd SATORP refinery in Jubail will be undergoing planned maintenance from mid-January to mid-February, while its Samref 400,000 bpd plant in Yanbu plans a total shutdown for scheduled maintenance from March 10 until April 30.
FBR to launch faceless tax audit system
ISLAMABAD: The Federal Board of Revenue (FBR) is set to introduce a faceless audit and assessment system across all four...
