The General Authority for Statistics announced today the results of Oil and Gas Statistics Publication 2023 for the Kingdom of Saudi Arabia. According to the publication's results, the total crude oil production in the Kingdom for 2023 decreased by 9.3% compared to 2022, reaching 3.506 million barrels. Meanwhile, the quantity of crude oil exports recorded a decrease of 9.6%, amounting to 2.431 million barrels compared to 2022.

The total production of gasoline in 2023 decreased by 2.6% compared to 2022, with a production quantity of 224 million barrels. Regarding kerosene and jet fuel, there was an increase in production quantity, reaching 57 million barrels, an increase of 2.7% compared to 2022, based on the results.

The total consumption of gasoline in 2023 increased by 1.8% compared to 2022, with a consumption quantity of 186 million barrels. In terms of kerosene and jet fuel, there was also an increase in consumption, reaching 35 million barrels, up by 32.8% compared to 2022, according to the publication.

The publication showed a decrease in total fuel oil exports for 2023 by 10.3% compared to 2022, with export quantities amounting to 67 million barrels, while imports increased, totaling 88 million barrels with a growth rate of approximately 25.9%. As for gas/diesel oil, there was a decrease in export quantities, which amounted to 206 million barrels, marking a decline of 15.7% compared to 2022, while imports rose to 33 million barrels, with an increase of 43.8%.

It is noteworthy that the Oil and Gas Statistics Publication covers energy data at the level of the Kingdom of Saudi Arabia, according to the International Standard International Energy Product Classification (SIEC), with data available in a time series for the period (2010-2023).