Saudi Arabia's oil exports increased significantly

2022-10-18
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Saudi Arabia's oil exports increased significantly

Saudi Arabia's oil exports increased significantly

August 19, 2014

[China paint information] according to the latest forecast of Saudi Arabia's local financial institutions, In 2014, Saudi Arabia's fiscal revenue is also relatively low, and its radar observability is expected to exceed 1.17 trillion Riyals (about 31 bronzing materials: bronzing materials, laser film, electrochemical aluminum bronzing paper, bronzing film, bronzing film, bronzing foil, bronzing foil, color foil; 2billion dollars), reaching the highest value ever. This figure is 315billion Riyals (about $84billion) higher than the 855billion Riyals (about $228billion) announced by the Saudi Ministry of Finance in the government budget earlier, which may reach 3.5% of the annual GDP

local economists said that the significant increase in oil exports is the main reason for the sharp increase in fiscal revenue. It is expected that Saudi Arabia's oil exports will increase from 9.3 billion barrels per day to 9.7 million barrels this year. In addition, the Saudi central bank's overseas assets will further grow on this basis, and are expected to exceed $45billion by the end of this year

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