SAUDI ARABIA

1983 Saudi Oil Production and Revenue 

According to estimates in the Statistical Summary of the Saudi Arabian Monetary Agency (SAMA) for 1404 (1984), Saudi Arabia's crude oil production in 1983 averaged 5mn b/d, down 22.8% from the 1982 average of 6.48mn b/d and about half the 1981 average of 9.81mn b/d. The SAMA report states that production, which fell to a low of 3.5mn b/d in mid- March 1983, averaged 4.1mn b/d in the first quarter of the year and rose to 4.57mn...