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*

*End-Year

Corporate

8 Nov, 2019

Featured

Aramco Kickstarts IPO Process

Aramco finally launched its IPO this week with local listing plans. Q3 results again showed bumper profits. But is it worth the political risk for foreign investors?

Saudi Oil Exports (Mn B/D): Combined Crude & Products Exports Broke Annual Records In 2018 But Both Have Dropped In 2019 Amid Production Cuts, With Products’ Share Of The Mix Slipping (Mn B/D)
Choose Sections
Load more

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)

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.