Market Report, "Extraction of Crude Petroleum and Natural Gas in Saudi Arabia: Industrial Report", Published
Extraction of crude petroleum and natural gas market grows at CAGR of 17% over 2007-2012 to reach SR111.9 billion in latter year, being boosted by oil subsidies. Saudi Arabia remains largest producer of crude oil globally with 547 million tonnes of oil produced in 2012. Saudi Arabia has over 250 million barrels of proven oil reserves. Industry highly concentrated with Saudi Aramco generating nearly 85% of total production. Industry forecast to grow at CAGR of 9% over forecast period, mainly...
View full press release