Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

SAUDI ARABIA

Saudi Aramco Raised Crude Oil Production 6.5% In 2004

Saudi Aramco raised crude oil production by 6.5% in 2004 from the previous year to 3.151bn barrels (8.634mn b/d) compared to 2.958bn barrels in 2003, according to the company’s recently published Annual Review 2004. Crude oil exports rose in 2004 by 5.1% to 2.479bn barrels from 2.358bn barrels in 2003. The company’s production of refined products...