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The Kingdom exported 2.3 billion barrels, which value is SR 943 billion, within 11 months Economists: SR 174 billion is the expected surplus in the budget.
In 11 months, the kingdom pumped 2312 million barrels which value is SR 943 billion. The national consumption during that period of 2011, reached 802 million barrels, approximately. In Energy Dialogue Forum held few days ago, Minister of Petroleum & Mineral Resources Engineer Ali Al Nuaimi considered more likely that there will be no decline in Saudi Oil demand levels during the coming period, in spite of the global economic conditions. The kingdom exported 2.3 billion barrels in International oil Markets worth SR 943 billion as a total value, within 11 months of the present year, said Dr. Fahd Bin Jumaa , member of the International Association of Energy Economics. He added that total public revenues projected for 2011 budget is SR 1028 trillion. If we add the non-oil revenues to these; the total public revenues projected for 2011 budget shall be SR 1094 trillion. Accordingly; the surplus will be SR 174 billion.
