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
*
Gas Rig Count
56
*
*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 | * |
| Gas Rig Count | 56 | * |
*End-Year
24 Jan, 2020
Featured
Saudi Exports Fall To 9-Year Low For 2019 Despite Record China Volumes
Saudi Arabia crude oil exports fell to a nine-year low in 2019. Using Kpler data MEES analyses the trade patterns for the kingdom’s key oil grades.
Key Saudi Oil And Gas Infrastructure
NEWS IN BRIEF
Poland’s PKN Orlen To Take More Saudi Oil
24 Jan, 2020
Sabic Plans Q2 Decision On Crude-To-Chemicals
17 Jan, 2020
Taqa, Al Mansoori Partner For Saudi Fracking
17 Jan, 2020
Aramco IPO Rises To $29.4bn
17 Jan, 2020
Satorp: 6-Week CDU Shutdown
10 Jan, 2020
ACWA Secures Ethiopia Solar
3 Jan, 2020
Aramco Completes Korea Buy-In
20 Dec, 2019
Saudi Fund Pledges SME Support
20 Dec, 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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