Country Analysis Brief: Saudi Arabia
Source: Energy Information Administration
“Saudi Arabia is the biggest oil producer in the Organization of the Petroleum Exporting Countries (OPEC). With one-fifth of the world’s proven oil reserves, some of the lowest production costs, and an aggressive energy sector investment initiative, Saudi Arabia is likely to remain the world’s largest net oil exporter. During 2006, Saudi Arabia supplied the United States with 1.5 million barrels per day of crude oil, or approximately 14 percent, of U.S. crude oil imports.”

This entry was posted on Monday, February 5th, 2007 at 11:23 pm and is filed under Energy, Middle East. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.