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FINANCIAL NEWS
Saudi Aramco’s oil output hits 9.1m bpd in 2011
28 May 2012
(MENAFN) Saudi Aramco said it reached 9.1 million bpd of crude oil output last year, up from 7.9 million bpd a year earlier, Reuters reported.
Government owned oil producer said total 2011 exports of crude oil hit 2.42 billion barrels, up from 2.02 billion in 2010.
The company also said that natural gas production also rose to 9.9 billion cubic feet per day in 2011 from 9.4 billion in the previous year.
Gas reserves rose to 282.6 trillion standard cubic ft from 279 trillion, the company added. Saudi Arabia holds the world’s fourth largest gas reserves.
Estimated crude oil and condensate reserves in Saudi Arabia were revised down to 259.7 billion barrels in 2011 from 260.1 billion from a year earlier.
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03 Jul 2025
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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