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.
| 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* |
*End-Year
18 Oct, 2019
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Saudi crude shipments were running at a bumper 8mn b/d in early October. But products volumes have slumped from recent records in the wake of last month’s attacks.
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