Nissan to lay off thousands of workers as sales drop    Trump picks Susan Wiles as White House chief of staff    Three charged in connection with Liam Payne's death    Israel passes law to deport relatives of attackers, including citizens    Monkey mayhem in South Carolina after 43 primates escape research facility    Russian anti-war teenager faces five years in jail after failed appeal    Uproar in Ghana after president unveils his own statue    BD and INS partner to elevate standards of infusion care in MENAT    Qassim emir launches 52 health projects costing a total of SR456 million    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Kingdom's oil use rises as demand picks up
Published in The Saudi Gazette on 21 - 07 - 2011

Saudi Arabia's domestic crude oil consumption increased 11 percent in May from a year earlier, figures posted on the Joint Organization Data Initiative (JODI) website showed Monday.
The data revealed that the Kingdom consumed an average 1.98 million barrels a day of oil this year, compared with 1.78 million barrels a year ago.
Domestic use fell by less than 1 percent in May from 1.99 million barrels in April as the PetroRabigh refinery was shut for maintenance, according to the website.
Domestic demand is rising as the nation's population grew 3.2 percent annually from 2004 to 2010.
Consumption reached a record in February when the country used 2 million barrels a day before two of its refineries, the PetroRabigh and Yanbu plants, were shut for maintenance. This is the highest level since at least January 2002, the year when Saudi Arabia started submitting oil data to JODI.
Saudi Arabia has a capacity to refine 2.12 million barrels a day of crude, according to the Organization of Petroleum Exporting Countries.
The initiative is supervised by the Riyadh-based International Energy Forum and shows data supplied directly by governments.
Meanwhile, Saudi Arabia's crude oil exports rose to at least 7.7 million barrels per day (bpd) when output hit record highs in June, an industry source said Tuesday.
A senior Opec Gulf delegate told Reuters last week the Kingdom pumped more than 9.8 million bpd and boosted exports in June, although he did not give export levels.
The industry source said he estimated Saudi oil exports were between 7.7 and 7.9 million bpd in June. The rest of Saudi crude output goes into its own stocks, refineries and power stations.
A second industry source said that Saudi crude sales were around 7.5 million bpd in June, including around 1 million bpd in sales to Saudi Aramco's joint-venture refineries inside the kingdom and around 4 million bpd sold to China. – SG/AgenciesExports to North America amounted to around 800,000 bpd in June, while sales to European buyers were around 700,000 bpd, he said.
JODI data showed this week that Saudi Arabia exported 6.83 million bpd of the nearly the nearly 9 million bpd of crude it produced in May.
Saudi crude oil stocks stood at 66.55 million barrels at the end of May, almost double the May 2010 level, after an average of 350,000 bpd of crude were pumped into storage in May this year, JODI data showed.
The large Rabigh refinery, which can consume up to 400,000 bpd of oil, was shut for maintenance in May. The second industry source said he expected Saudi crude production in July to fall below that of June to around 9.4-9.5 million bpd. But he said output in August could be higher t because of strong demand.


Clic here to read the story from its source.