2004 News Story

Saudi Aramco releases latest production statistics

Saudi Aramco, the Kingdom’s national oil company, has released its annual review, reporting the latest production statistics. An average of 8.1 million barrels per day of petroleum was produced last year, plus 6.9 billion cubic feet per day of natural gas. As of the end of 2003, the proven reserves of crude oil were estimated to be 259.4 billion barrels and of natural gas, 234.5 trillion cubic feet.