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FINANCIAL NEWS
Saudi oil exports profit hits USD199.15m in 8 months
03 Sep 2014
(MENAFN) Saudi Arabia’s oil exports profits reached USD199.15 million during the January-August period, with 1.84 billion barrels being imported abroad, Arab News reported.
Meanwhile, domestic consumption during the cited period amounted to 23 percent of the total output, with around 553 million barrels.
These figures led Saudi Aramco to state that the company is planning to spend USD39.99 billion in the next 10 years in investments to be able to maintain stability in its oil production and double its gas production as well.
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