VOL. XLIII

No. 41

9-OCTOBER-2000

SAUDI ARABIA

Saudi Aramco Oil Statistics For 1999

Saudi Aramcos 1999 Annual Review reveals that the companys crude oil production last year totaled 2,655,029,836 barrels (7.27mn b/d), a decline of 9% from the previous years total of 2,922,277,879 barrels (8.01mn b/d, see Table 1). Recoverable oil reserves remained constant as they have done, more or less, since 1990 at 259.2bn barrels, but recoverable gas reserves rose by 2% from 210.8 trillion cu ft in 1998 to...