Saudi Arabia’s Gasoline Imports More Than Triple in February

Saudi Arabia’s Gasoline Imports More Than Triple in February

By Wael Mahdi - Apr 17, 2011 8:34 AM GMT-0500

Saudi Arabia’s imports of gasoline and jet fuel more than tripled in February from the previous
month as domestic output declined, official data showed.

Saudi Arabia, holder of the world’s largest proven oil reserves, imported 65,000 barrels a day of gasoline and aviation fuel in the month, compared with imports of 19,000 barrels a day in January, according to data posted on the website of the Joint Organization Data Initiative.

Gasoline production at Saudi refineries fell to 365,000 barrels a day in February, down 59,000 barrels a day from January’s level, the data showed. The data initiative is overseen by the Riaydh-based International Energy Forum, a gathering of energy ministers from 86 producing and consuming countries.

Source: http://www.bloomberg.com/news/2011-04-17/saudi-arabia-s-gasoline-imports-more-than-triple-in-february.html

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