Quick: which is bigger? Saudi Arabia's Ghawar or the Permian? Answer at this article.
According to the Texas Railroad Commission (RCC), which gets its figures from the Federal Reserve Bank in Dallas, the greater Permian Basin now accounts for nearly 40 percent of all oil production in the United States and 15 percent of its natural gas. Last year, Forbes, based on numbers coming from Aramco, reported that the Permian had overtaken Ghawar in Saudi Arabia as the world’s top producing oil field in late 2018.
Peak oil for Saudi: April 7, 2013. Link here.
Numbers don't add up. How much oil can Saudi Arabia really produce? June 27, 2021. Most interesting, we seldom see "how much oil can Saudi Arabia really export?" Much of their production is used domestically, especially in the summer to produce electricity for air conditioning.
Saudi to issue dollar-dominated bonds to meet obligations, mostly that $75 billion annual dividend:
- November 16, 2020;
- and, again, June 10, 2021;
Motiva: Saudi Arabia looking to make "Motiva" a household word in North America. Link here.
- agreement solidifies Motiva as the face of Aramco base oils sales in the Americas, advancing a brand strategy that all Aramco-produced base oils are marketed exclusively by affiliates
- S-Oil products from South Korea to be marketed under the "aramcoULTRA" brand name
- both Motive and S-Oil are Saudi Aramco subsidiaries
- Phillips 66 had been the exclusive distributor of Ultra-S in North America
Saudi's foreign reserve assets. Link here.
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