Saudi Arabia Boosts Oil Exports to U.S. by 16 Percent, EIA Says

Saudi Arabia’s oil exports to the U.S. increased by 17 percent in the first ten months of last year, according to the U.S. Energy Information Administration.

Daily shipments of crude, condensate and natural gas liquids averaged 1.4 million barrels, exceeding the 1.2 million for all of 2011, the EIA said in a report on its website yesterday. Saudi Arabia is a shareholder in the Port Arthur refinery in Texas through the Motiva Enterprises LLC venture.

Saudi Arabia accounted for 16 percent of U.S. crude imports in the 10-month period, making it the second-biggest supplier, after Canada, according to the report.

The kingdom produced on average 9.8 million barrels a day of crude and 1.8 million barrels of natural gas liquids last year, the EIA said.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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