Saudi Arabia Country Analysis Brief - February 2013
Saudi Arabia was the world’s largest producer and exporter of total petroleum liquids in 2012, the world’s largest holder of crude oil reserves, and the world’s second largest crude oil producer behind Russia. It is the largest consumer of petroleum in the Middle East, particularly in the area of transportation fuels and direct burn for power generation. Domestic consumption growth has been spurred by the economic boom due to historically high oil prices and large fuel subsidies. Saudi Arabia was the world’s 13th largest consumer of total primary energy in 2009, of which about 60 percent was petroleum-based.
For more information on Saudi Arabia’s energy sector, visit http://www.eia.gov/countries/cab.cfm?fips=SA
Posted: February 11, 2013