Saudi Arabia's Crude Oil Production Exceeds 10 Mn Barrels

The oil production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter (File Photo: Reuters)
The oil production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter (File Photo: Reuters)
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Saudi Arabia's Crude Oil Production Exceeds 10 Mn Barrels

The oil production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter (File Photo: Reuters)
The oil production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter (File Photo: Reuters)

Saudi Arabia's crude oil production increased by 110,000 barrels per day (bpd) on a monthly basis in December to 10.02 million barrels per day, according to recent data.

Crude exports slightly dropped from 6.949 million bpd in November to 6.937 million bpd, according to monthly export figures submitted by Saudi Arabia and other oil-exporting countries to the Joint Organizations Data Initiative (JODI).

JODI indicated that Saudi crude production rose last December by 1.04 million bpd.

Saudi Arabia, along with other OPEC member countries, is trying to increase production every month due to rising global demand after recovering from the COVID-19 pandemic.

JODI stated that the total Saudi oil exports, including crude and oil products, rose by 105,000 bpd on a monthly basis to 8.61 million bpd in December.

It added that exports of oil derivatives rose to a three-year high of 1.67 million bpd in December from 1.55 million bpd in November.

Domestic demand for oil products fell to 2.05 million bpd from 2.13 million bpd.



Riyadh and Tokyo to Launch Coordination Framework to Boost Cooperation

Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
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Riyadh and Tokyo to Launch Coordination Framework to Boost Cooperation

Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)

Saudi Arabia and Japan are close to unveiling a higher partnership council that will be headed by the countries’ leaderships in line with efforts to build a partnership that bolsters the technical transformation and joint research in clean energy, communications and other areas, revealed Saudi Ambassador to Japan Dr. Ghazi Binzagr.

He told Asharq Al-Awsat that the two countries will soon open a new chapter in their sophisticated strategic partnership.

The new council will be chaired by Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, and Japanese Prime Minister Shigeru Ishiba to push forward the Saudi-Japan Vision 2030, he added.

The council will elevate cooperation between the countries and pave the way for broader dialogue and consultations in various fields to bolster political, defense, economic, cultural and sports cooperation, he explained.

The two parties will work on critical technological partnerships that will focus on assessing and developing technologies to benefit from them, Binzagr said. They will also focus on the economy these technologies can create and in turn, the new jobs they will generate.

These jobs can be inside Saudi Arabia or abroad and provide employers with the opportunity to develop the sectors they are specialized in, he added.

Binzagr said Saudi Arabia and Japan will mark 70s years of relations in 2025, coinciding with the launch of Expo 2025 in Osaka in which the Kingdom will have a major presence.

Relations have been based on energy security and trade exchange with Japan’s need for oil. Now, according to Saudi Vision 2030, they can be based on renewable energy and the post-oil phase, remarked the ambassador.

Several opportunities are available in both countries in the cultural, sports and technical fields, he noted.

Both sides agree that improving clean energy and a sustainable environment cannot take place at the expense of a strong economy or quality of life, but through partnership between their countries to influence the global economy, he explained.

"For the next phase, we are keen on consolidating the concept of sustainable partnerships between the two countries in various fields so that this partnership can last for generations,” Binzagr stressed.

“I believe these old partnerships will last for decades and centuries to come,” he remarked.

Moreover, he noted that the oil sector was the cornerstone of the partnership and it will now shift to petrochemicals and the development of the petrochemical industry.