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

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