More than $700 million, the government’s share in oil export [Archives:2004/755/Front Page]

July 15 2004

The government's share of revenues during the first five months of this year from oil exports reached US$741 million from the sales of 22.23 million barrels. While the government's share during the year 2003 was also US $741 million from the sale of 26,85 million barrels.
It is expected that during the year 2004 about 58 million barrels of crude oil will be exported, at an estimated value of 230 billion Riyals. The quantity of oil for local consumption for the same year is estimated at 38.3 million barrels at a value of 164 billion Riyals.