Saudi Electricity said on Wednesday that it uses far less oil for power output than figures given by a member of the country's regulatory authority a day earlier. In a statement issued on Wednesday, power utility Saudi Electricity said 100 million barrels of crude were used in 2009 for electricity production, or about 274,000 barrels per day. “Half the electricity production in the Kingdom uses available natural gas as a feedstock while power plants in the western coast use heavy fuel oil,” the company's Chief Executive Ali bin Saleh Al-Barrak said. The Kingdom's current oil production capacity, or 877,000 barrels per day, goes to the production of electricity.
