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*


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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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