Saudi Arabia oil port loaded up to 11.1 million barrels a day
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Fri April 27, 2012 12:39 pm

SAUDI ARABIA. Oil tankers able to haul a combined 11.1 million barrels a day went to the Saudi Arabian crude- export terminal at Ras Tanura in the latest week, ship-tracking data compiled by Bloomberg show.

Vessels with a combined capacity of 10.6 million deadweight tons arrived at the port in the week to April 21, compared with 11.3 million tons a week earlier, the data show. To estimate that tonnage in terms of barrels a day, the figure was multiplied by 7.33 to calculate the total barrels and then divided by seven, the number of days in the period.

Some of the ships may not have loaded all their cargoes at Ras Tanura, the data show. China will be the largest recipient, followed by South Korea. The Ras Tanura complex, including Ras al-Ju’aymah, is the world’s biggest crude terminal, according to the website of state-owned Saudi Arabian Oil Co., known as Saudi Aramco.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 23, 2014
TUNISIA. Removing the economic obstacles would double employment creation to 100,000 new jobs per year, according to a new report from the World bank.
date:Posted: September 23, 2014
INTERNATIONAL. Currency debasement is often done by inflating the money supply through QE; When a currency is debased, a unit of that currency doesn't buy the same amount of stuff that it once did.
date:Posted: September 23, 2014
UAE. The broad based recovery witnessed in the residential sector over the past 18 months has now slowed down, as rental prices and sale values have stabilized in most locations.
INTERNATIONAL. The United States and several Gulf Arab allies launched air and missile strikes on Islamic State strongholds in Syria on Tuesday, U.S. officials said, opening a new, far more complicated front in the battle against the militants.
dhgate