How many barrels of oil does saudi arabia produce per year
However, in 2008, some experts believed that Saudi oil production had already peaked or would do so in the near future. In April 2015, the Saudi oil minister Ali Al-Naimi said that Saudi Arabia produced 12 million barrels per day in March that year, which was the highest figure based on records since the early 1980s. The previous peak was in Saudi Arabia produces about 4,015,000,000 barrels of crude oil annually, about 12 million barrels a day. The number is 263.2 billion barrels of oil. This does not include Saudi Arabia's share of oil reserves in the neutral zone, an area shared between Saudi Arabia and Kuwait. at about $4 per