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.

2022 In Numbers
Crude Output 10.57 mn b/d
Crude Exports 7.364 mn b/d
Gas Output 9.6 bn cfd
Oil Export Revenue 327 $bn
Corporate

8 Nov, 2024

Featured

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Aramco Capex On Course For 2024 Record In Line With Guidance* After Record $10.6bn Q3 Upstream Spend ($bn)
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NEWS IN BRIEF

Saudi 600MW Solar: Commercial Ops

15 Nov, 2024

Saudi $8.1bn Q3 Budget Deficit

8 Nov, 2024

Saudi Arabia Taps Stocks To Meet Rising Crude Burn

18 Oct, 2024

Saudi Arabia, Egypt Target June 2025 Power Link Startup

11 Oct, 2024

Aramco Completes $3bn Sukuk

4 Oct, 2024

Oil Prices Fall On FT Saudi Report

27 Sep, 2024

Riyadh Metro: End-2024 Startup?

13 Sep, 2024

Saudi Arabia’s SEC: $4bn Credit Facility

30 Aug, 2024

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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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