RIYADH (AFP) – Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies. The decision came a day after Saudi Arabia, the world’s top exporter, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April, and prompted sharp new falls in world prices. "Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd" the company said in a statement to the Saudi Stock Exchange. CEO Amin al-Naser said Aramco would dedicate all of its resources to achieving the increased capacity quickly. Boosting production capacity normally takes a long time and requires billions of dollars of investment. Several years ago, the kingdom shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in...