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. 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

Oil & Gas

17 Oct, 2025

Featured

Aramco Offshore Increments To Buttress Spare Capacity

Aramco CEO Amin Nasser says the firm is on track to bring two major crude increments online by year-end to maintain its 12mn b/d capacity.

Saudi Aramco’s Incoming Increments To Offset 1.2mn b/d Of Natural Decline To Enable Capacity To Stay Flat At 12mn b/d (mn b/d)
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SELECTED DATA

Saudi Fuel Oil* Imports Surged In Q3 (‘000 b/d)

Saudi Arabia’s Monthly Oil Export Revenues Are Down Year-On-Year ($bn)

Saudi Arabia Forecasts Budget Deficits Out To End-2027

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