In 2021, Saudi Arabia's proven crude oil reserves amounted to 267.2 billion barrels. Saudi Arabia is a founding member of the Organization of Petroleum Exporting Countries (OPEC), which was founded in 1960. Saudi Arabia's exports of crude oil amounted to nearly 6.2 million barrels per day that year.
Selected figures about the fossil fuels industry in Saudi Arabia in 2021
Characteristic
Characteristic
Proven crude oil reserves (in million barrels)
267,192
Crude oil production (in 1,000 barrels per day)*
9,125
Oil demand (in 1,000 barrels per day)
2,966
Crude oil exports (in 1,000 barrels per day)
6,227
Proven natural gas reserves (in billion cubic meters)
8,507
Marketed production of natural gas (in million cubic meters)
120,485
Output of petroleum products (in 1,000 barrels per day)
2,548
Exports of petroleum products (in 1,000 barrels per day)
1,344
Value of petroleum exports (in million U.S. dollars)
202,166
Refinery capacity (in 1,000 barrels per calendar day)
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OPEC. (November 20, 2023). Selected figures about the fossil fuels industry in Saudi Arabia in 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1041551/selected-figures-on-fossil-fuels-in-saudi-arabia/
OPEC. "Selected figures about the fossil fuels industry in Saudi Arabia in 2021." Chart. November 20, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1041551/selected-figures-on-fossil-fuels-in-saudi-arabia/
OPEC. (2023). Selected figures about the fossil fuels industry in Saudi Arabia in 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1041551/selected-figures-on-fossil-fuels-in-saudi-arabia/
OPEC. "Selected Figures about The Fossil Fuels Industry in Saudi Arabia in 2021." Statista, Statista Inc., 20 Nov 2023, https://www.statista.com/statistics/1041551/selected-figures-on-fossil-fuels-in-saudi-arabia/
OPEC, Selected figures about the fossil fuels industry in Saudi Arabia in 2021 Statista, https://www.statista.com/statistics/1041551/selected-figures-on-fossil-fuels-in-saudi-arabia/ (last visited July 22, 2024)
Selected figures about the fossil fuels industry in Saudi Arabia in 2021 [Graph], OPEC, November 20, 2023. [Online]. Available: https://www.statista.com/statistics/1041551/selected-figures-on-fossil-fuels-in-saudi-arabia/
