NO. 12/13


Saudi Arabia

Saudi Oil Ministry Denies Reports of Higher Oil Production

The Saudi Oil Ministry has officially denied a recent report in PetroleumIntelligence Weekly (PIW) to the effect that Saudi Aramco sales in Novembertotaled 8.6 to 8.7mn b/d excluding the 150,000 b/d Saudi share of Neutral Zoneoutput, and that production in coming months, also excluding the Neutral Zone,is expected to range between 8.4 and 8.6mn b/d. An official Oil Ministry source,quoted...