12 Feb 2013
(MENAFN) Saudi Jadwa Investments stated that Saudi Arabia’s oil exports income hit nearly USD347 billion last year, driven by higher oil output and a rise in oil prices, reported Emirates 24/7.
The investment company said that in 2013, earnings from oil exports are expected to decline by USD68 billion to around USD279 billion.
The firm attributed its forecast to a projected decline in the Kingdom’s oil production to 9.6 million barrels per day (bpd) compared with 9.8 million bpd in 2012.
Furthermore, Saudi crude prices are expected to drop to an average of USD99.4 in 2013 from USD106.1.
However, Saudi assets will keep growing to reach about USD695 billion at the end of 2013 from USD648 billion at the end of last year.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more