Who gets Saudi Oil?

Brad Mayer bradley.mayer at ebay.sun.com
Mon Oct 29 15:41:31 PST 2001


A real quick search to boost the plausibility of my speculations brought up:

http://www.eia.doe.gov/emeu/cabs/saudi.html

which is chock full of facts, links, etc This in particular:

"Asia now takes over half of Saudi Arabia's crude oil exports, as well as the majority of its refined petroleum product exports. The United States is Saudi Arabia's second largest oil export market, followed by OECD Europe. Saudi Arabia also reportedly provides around 150,000 bbl/d in oil to Pakistan and Afghanistan as foreign aid in lieu of cash (although this oil does not appear to be officially counted in Saudi export figures). During 2000, Saudi Arabia exported 1.57 MMBD of oil (1.52 MMBD of crude) to the United States. For this time period, Saudi Arabia ranked second (after Canada, and just ahead of Venezuela) as a source of total (crude plus refined products) U.S. oil imports, and first for crude only (ahead of Canada and Mexico). Saudi Arabia is eager to maintain and even expand its market share in the United States for a variety of economic and strategic reasons. During 2000, Saudi Arabia's share of U.S. crude oil imports was 17%."

Asia (which countries?) at 50%, Pakistan & Afghanistan get freebees - omoshiroii desu nee.

Ian Murray's got it right - keep the focus on Al Saud.

- Brad Mayer



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