Saudi Arabia sharply ups oil exports
Azerbaijan, Baku, Feb.25 / Trend, A.Taghiyeva /
Last week Saudi Arabia increased its oil exports to nine million barrels per day compared to 7.5 million barrels in late January, Al Jazeera reports with reference to a source in the country's oil ministry on Saturday.
At present, oil production in the country reached about 11 million barrels per day with consumption in the domestic market at two million barrels per day.
These are record figures over the past few months in the country's oil sector.
Thus, the Saudi oil exports to Asian countries increased up to six million barrels per day, in the U.S. - 1.5 million barrels per day, which is a record number of oil exports to these countries over the past three years.
Earlier the S-Oil Corporation of South Korea and Saudi Aramco signed an agreement on supplies of Saudi oil to South Korea for the next 20 years.
It helps to significantly reduce dependence of Seoul on Iranian oil supplies.
Riyadh has repeatedly stated that it is ready to fill oil shortage on the world market, which may arise in connection with the EU and U.S. sanctions against Iran's oil sector.