Archives

Home

Media Center

Financial News

16-04-14

Saudi oil exports reach USD77 b in Q1

(MENAFN) Saudi exports of crude oil reached over 715.72 million barrels in the first three months of the current year, according to Arab News. The amount of oil exports of the kingdom was estimated at USD77.027 billion. Domestic consumption of oil was 20 percent of the total output during the quarter, reaching 176 million barrels. Earlier, Minister of Petroleum and Mineral Resources Ali Al-Naimi said oil prices are experiencing a good track.