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 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, while renewables developments are finally gaining traction.
2020 In Numbers
| Crude Output | 9.22 | mn b/d |
| Crude Exports | 6.67 | mn b/d |
| Gas Output | 9.03 | bn cfd |
| Oil Export Rev. | 121.9 | $bn |
| Oil % Export Rev. | 69.5 | % |
23 Apr, 2021
Featured
Advanced Petrochemical Sets Sights On Expanded Jubail Facilities
Saudi Arabia’s Advanced Petrochemical plans major expansion projects including a cracker in the kingdom’s growing downstream hub of Jubail.
Jubail Industrial City: Key Petchems Plants
NEWS IN BRIEF
Saudi Arabia’s Advanced Awards Key Petchems Projects
16 Apr, 2021
ACWA Advances 200MW Egypt Solar
9 Apr, 2021
Saudi Prepares To Unwind Voluntary Cuts From May
2 Apr, 2021
Aramco Government Payments Down 30%
26 Mar, 2021
Houthis Claim Yet Another Saudi Aramco Attack
19 Mar, 2021
Saudi Arabia Reaps Benefit Of Gas Supply Boost
19 Mar, 2021
Saudi Crude Inventories Tumble To New All-Time Low
19 Mar, 2021
Sipchem Sees Profits Slump
19 Mar, 2021
SELECTED DATA
Saudi Aramco Is Becoming Less Dependent On Its Upstream Portfolio For Revenues ($bn)
Saudi Aramco's Dividend Commitments Far Outweighed Free Cash Flow Over 2020 ($bn)
Oil Price Collapse Takes Its Toll: Saudi Oil Export Revenues Continue Their Steady Recovery From Multi-Year Lows Amid Output Cuts
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