Saudi output slashed in 2009

Less flows: from Saudi in 2009

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By News Wires

 15 June 2010 11:56 GMT

State oil company Saudi Aramco's crude output fell by a million barrels per day last year from the previous year as the kingdom led Opec in making steep production curbs, data from Aramco showed today.



Aramco's crude output was 7.9 million barrels per day last year, the company said in an annual review released today, down from 8.9 million bpd in 2008.

Opec pledged to cut output by 4.2 million bpd in late 2008 as global oil demand plummeted with slowing economic activity.

Top oil exporter Saudi Arabia shouldered the biggest share of the cuts.

Aramco's crude exports fell to 5.65 million bpd last year, from 6.88 million bpd in 2008, according to a Reuters report.

Capacity and output from the Neutral Zone shared by Kuwait and Saudi…

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