Middle East Economic Survey

VOL. LIII

No 25  

21-Jun-2010

Domestic Demand Challenge Highlighted By Saudi Aramco Report

Figures from Saudi Aramco’s Annual Review 2009 underline the threat posed by surging domestic demand to the state firm’s ability to maintain export levels and vital oil revenues. No data on product imports or any consumption from the joint venture Samref and Sasref export refineries was released, but the report points to Saudi liquids consumption...