VOL. XLVI

No 8

24-February-2003

SAUDI ARABIA

SAMA Publishes Data On Saudi Oil Production, Exports, Consumption

The following data and commentary was extracted from the Saudi Arabian Monetary Agencys (SAMA) 2002 Annual Report.

Saudi Crude Oil Production

During 2001, Saudi crude oil production fell by 2.8% to 2,880mn barrels as compared with 2,963mn barrels in 2000 (Table 1). The daily average production amounted to 7.89mn barrels in 2001 as against 8.09mn barrels in the preceding year.

Table 1

Saudi...