Saudi Arabia is the world's most important oil producer. Given its relatively high production levels, accounting for nearly 13 percent of world output and 35 percent of total OPEC output in1991, and, more significantly, its small domestic needs, the kingdom's dominance of international crude oil markets is unchallenged.
Saudi Arabia maintains the world's largest crude oil production capacity, estimated by U.S. Energy Information Administration (EIA) to be around 11 million bbl/d, at mid-year 2009
| Proven Oil Reserves (January1, 2009E) |
264 billion barrels (includes half of Divided/"Neutral" Zone) |
| Oil Production (2008E) |
10.8 million barrels per day of including the Neutral Zone (2008E) of which 9.3 million bbl/d was crude oil, 1.4 million bbl/d was natural as liquids (NGLs) and 80,000 bbl/d was "other liquids" (including MTBE) |
| Major Oil/Gas Terminals |
Ras Tanura Facility (over 6 billion bbl/d), Ras Tanura port (2.5 million bbl/d), Ras al-Ju'aymah (3-3.6 million bbl/d capacity), Yanbu (over 6 million bbl/d crude, remainder products/LPG), Jubail, Jiddah, Jizan Ras al-Khafji, Rabigh, Zuluf |
| Major Oil Fields |
Abqaiq, Ghawar, Khursaniya, Qatif, Safaniya, Shaybah, Zuluf (in addition, Khurais is partially developed and being brought back online) |