Middle East
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. The government is prioritizing the eagerly-awaited Aramco IPO.
State of Play
Saudi Arabia’s Crown Prince Muhammad bin Salman plans to transform the country and end its “addiction to oil.” But crude oil is set to remain its dominant revenue source and foreign policy tool for the foreseeable future. The kingdom is also eying unconventional gas to ease its gas shortages.
2018 In Numbers
Crude Output
10.31
mn b/d
Crude Exports
7.373
mn b/d
Gas Output
89.9
bcm
O&G Export Rev.
231.6
$bn
O&G % Export Rev.
79
%
Refining Capacity
2.864
mn b/d*
Oil Rig Count
61
*End-Year
| Crude Output | 10.31 | mn b/d |
| Crude Exports | 7.373 | mn b/d |
| Gas Output | 89.9 | bcm |
| O&G Export Rev. | 231.6 | $bn |
| O&G % Export Rev. | 79 | % |
| Refining Capacity | 2.864 | mn b/d* |
| Oil Rig Count | 61 |
*End-Year
20 Sep, 2019
Featured
Saudi Energy Sector Fights Back After Unprecedented Attack
Saudi Arabia’s newly-appointed energy minister was handed a crisis last weekend with an unprecedented attack on the kingdom’s single most important oil facility. Prince Abdulaziz says supplies to customers will be maintained. But vulnerability to future attacks has been laid bare.
Attacks On Key Energy Infrastructure
NEWS IN BRIEF
Satorp Eyes $2.2bn Finance
11 Oct, 2019
Aramco Completes Sasref Refinery Purchase
20 Sep, 2019
IMF: Saudi Progress, More To Do
13 Sep, 2019
SEC Fires Up First Unit At PP14
13 Sep, 2019
Aramco Eyes Brazil Refineries
30 Aug, 2019
Aramco Restarts Malaysia CDU
23 Aug, 2019
Aramco’s Motiva Unit To Buy Texas Cracker
23 Aug, 2019
SELECTED DATA
Saudi Arabia Direct Crude Burn: On Track For Fourth Consecutive Annual Fall ('000 B/D)
Saudi Oil Burning*: Volumes On Track To Hit New Annual High After Four Months As Fuel Oil Consumption Soars ('000 B/D)
Saudi Powergen: Gas At Record Highs Both Overall And As A Percentage Of The Total (TRN Btu)
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