20 Nov '12, 8pm

Soaring domestic demand meant record crude-oil burn for Saudi last summer, according to this.

Soaring domestic demand meant record crude-oil burn for Saudi last summer, according to this.

Saudi oil burn hits record high in 2012 Saudi Arabia burned record volumes of crude oil over the summer, official government figures show, contrary to its aim of using more gas for power generation to reduce wastage of crude that it could export. During the peak period from early June through September, Saudi Arabia burned an average of 763,250 barrels per day (bpd) of crude, compared to an average of 701,250 bpd last year and 747,750 bpd in the previous record summer of 2010, official government data issued on Sunday under the Joint Oil Data Initiative (JODI) shows. Saudi Oil Minister Ali al-Naimi said in March that more natural gas should be available from fields that only produce gas, or so-called non-associated fields, to meet peak summer power demand, potentially saving millions of barrels of valuable crude for export. Key to this plan was the ramp-up of Karan, Saudi ...

Full article: http://peakoil.com/consumption/saudi-summer-oil-burn-hits...

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