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You are here: Home»Markets»Energy»Asia»Saudi oil production at 9.7 million bpd in Oct

crude-oilABU DHABI: Saudi Arabia pumped roughly 9.7 million barrels per day (bpd) of oil in October, the OPEC heavyweight's oil minister Ali Al-Naimi told reporters on Sunday on the sidelines of an oil and gas event in Abu Dhabi.

 

Asked how much Saudi oil production was in October, Naimi said: "Roughly 9.7 million".

 

According to OPEC survey, Saudi pumped near 10 million bpd in October, the highest rate in decades. The Kingdom and its Gulf Arab allies have kept output high all year to keep oil prices in check during the reduction in Iranian exports.

 

Copyright Reuters, 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln