Free Headline Alerts     
Worldwide Web


Thursday, June 9, 2011     FOR YOUR EYES ONLY

Saudis reduced oil exports to 5.5 million barrels per day in 2010

ABU DHABI — Saudi Arabia has reported a reduction in crude oil exports.


The state-owned Saudi Aramco, with reserves of 260 billion barrels, said crude exports dropped slightly — from 2.06 billion barrels in 2009 to 2.02 billion in 2010. This amounted to 5.5 million barrels per day last year, 55.5 percent of the exports to East Asia.

"It maintained its maximum sustainable production capacity of 12 million barrels per day, reached in 2009, including considerable spare capacity to help stabilize international oil markets during any potential crisis," Aramco said in its annual report.

Also In This Edition

China was identified as the leading client of Aramco, which received one million barrels per day in 2010.

Overall crude production in 2010 was reported at 7.9 million barrels per day, the same level as in 2009.

About Us     l    Privacy     l     l
Copyright © 2011    East West Services, Inc.    All rights reserved.