Saudi Arabia oil exports has climbed 109 percent
The value of Saudi Arabia April's oil exports has climbed 109 percent to 51.7 billion riyals ($13.79 billion), compared to a year earlier, as the non-oil exports rose by 46.3 percent, the data from the General Authority for Statistics showed.
Previously in March, oil exports made up 72.5 percent of the total exports. These numbers comes after the country has suffered massively due to the pandemic and the oil price war.
China has been one of the top importers from Saudi Arabia; however, Reuters reported that their imports fell 21 percent in May, this year, from a year earlier.
Saudi Aramco's CEO Amin Nasser has said previously that they will ensure China’s energy security remains its highest priority for the next 50 years and beyond.
“Ensuring the continuing security of China’s energy needs remains our highest priority – not just for the next five years but for the next 50 and beyond,” Nasser said in a video speech.
On Thursday, Reuters reported that Aramco has secured a one-year extension to a $10 billion loan it raised last year.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

UK Climate Adviser’s Plan Clears Path for Heathrow Growth

bp to invest $10b annually in hydrocarbons in strategy reset

Oil Rises as Iran Sanctions, Trump Tariff Comments Rattle Market

Woodside Looks to Louisiana LNG to Become Global Powerhouse

Oil Speculators Turn Sour as Bullish Wagers Get Trimmed Back

Shell to grow working interest in the Ursa platform in Gulf of America

Iraq Says It’s Ready to Restart Oil Via Turkish Pipeline

Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says

Oil Falls After Weak Technicals Accelerate Supply-Driven Losses
