Saudi Arabia

Saudi Arabia with crude production capacity in excess of 12mn b/d is a critical supplier to global markets and the most powerful voice within Opec. Gas development is an increasingly key priority as the government seeks to erase its shortfall.

State of Play

Saudi Arabia’s economic diversification investments are accelerating under its radical Vision 2030 program, but this is all being financed by crude oil revenues. Meanwhile unconventional gas developments and renewable energy are gaining traction as Saudi Arabia aims to end domestic oil burn.

2024 In Numbers

Crude Output	9	mn b/d
Crude Exports	5.923	mn b/d
Sales Gas Output	123.5*	bcm
Oil & Gas export revenue	223	$bn

*2023

Refining & Petrochemicals

22 Aug, 2025

Featured

Saudi Refined Products Exports Soar Amid High Margins

Saudi Arabia’s refined products exports increased to their highest level in three years last quarter, as production increases and a year-on-year drop in oil burn enabled the kingdom to capitalize on increased refinery margins.