With one-fourth of the world’s proven oil reserves and some of the lowest production costs, Saudi Arabia is likely to remain the world’s largest net oil exporter for the foreseeable future. Saudi Arabia produces around 10.9 million bbl/d of total oil - including crude oil, natural gas liquids, and “other liquids”oil. Saudi Arabia is a key oil supplier to the United States and Europe.
Asia now takes around 60 percent of Saudi Arabia’s crude oil exports.Saudi Arabia has eight refineries, with combined crude throughput capacity of around 1.75 million bbl/d, plus around 1.6 million bbl/d of refining capacity overseas.
Saudi Arabia’s proven natural gas reserves are estimated at 235.0 trillion cubic feet (Tcf), ranking fourth in the world (after Russia, Iran, and Qatar), and up about 5 Tcf from 2002. Most (around 60 percent) of Saudi Arabia’s currently proven natural gas reserves consist of associated gas, mainly from the onshore Ghawar field and the offshore Safaniya and Zuluf fields.
The Ghawar oil field alone accounts for one-third of the country's proven natural gas reserves. However, it is important to note that only 15 percent of Saudi Arabia has been “adequately explored for gas,” according to Aramco
Saudi Arabia accounts for more than three quarters of the GCC’s production of petrochemicals which in turn supplies 7% of global needs for basic, intermediary and final petrochemical products.
In the next five years Saudi based manufacturers alone are predicted to double the current 1 million tonnes-a-year of polymers they currently convert into items such as fibreglass products, pipes, storage products, insulation materials and home goods.
POWER & WATER
Saudi Arabia’s rapidly growing population and artificially low power prices are increasing demand on electric utilities, as power demand grows by 7% or more each year. In the power sector alone it is estimated that in the next 15-20 yeas the investment needed would be $100 billion.
Saudi Arabia is already the world's largest producer of desalinated water, with 30 combined water and power generation plants existing at present. Investment potential in water could be of $1-$2 billion a year.
With increase in demand Cement production capacity has gone up in Saudi Arabia & GCC. In Saudi alone the total output has gone above 52 mi tons in 2010 up by 15 % from previous year.
BFIM, from its manufacturing base in Saudi, offer refractory solutions to cement industry with proven products like low cement castables, gunning mixes. In house, competent , installation team offers services.
Saudi Arabia, with its huge bauxite deposit is emerging as one of the leading aluminium manufacturing country in GCC. Saudi Arabian government established MAADEN, a joint venture company CHALCO are front head for growth in this sector.
BFIM, through its manufacturing base in Saudi, in house installation expertise to offer services with able technical support from HW, UK.