Oil and Gas in Saudi Arabia in 10 Charts
September 23, is Saudi Arabia’s National Day
Main Takeaways
September 23, is Saudi Arabia’s National Day
Crude exports are declining, petroleum products exports are flat (see Figures 7 & 8)
BP, ENI, IEA, EIA, and OTHERS exaggerate the oil consumption of Saudi Arabia. As a result, Saudi CO2 emissions are also exaggerated.
Saudi Arabia is a major natural gas producer but all production is used domestically
When looking at the ranking of various countries in oil reserves that can be extracted technically and economically, Saudi Arabia is the largest holder of such reserves in the world, not Venezuela.
Important Articles:
Mar 3, 1938 CE: Oil Discovered in Saudi Arabia