Asia accounted for 66% of Saudi Aramco crude exports in 2016

Asia accounted for 66.7 percent, or around 1.87 billion barrels per annum (bpa) of Saudi Arabian Oil Co.’s (Saudi Aramco) crude exports last year, the world's largest oil exporter said in a report.

Saudi Aramco exported 2.8 billion barrels of crude oil last year.

The US was the second largest importer of Saudi crude oil, accounting for 15.8 percent of Aramco's exports. Northwestern Europe followed with 5.9 percent, and the Mediterranean region at 5.4 percent.

The Far East controlled 32.5 percent of Aramco's refined products exports, and 31.1 percent of liquefied gas exports.

Meanwhile, Saudi Aramco produced around 2 million barrels per day of refined products from its wholly owned projects.

Ras Tanura Refinery accounted for the biggest share of 550,000 barrels per day, while Aramco Total Refining and Petrochemical Co. (SATORP) and the Yanbu Aramco Sinopec Refining Co. (YASREF) produced up to 250,000 barrels per day.

Saudi Aramco's refined petroleum products— such as diesel, fuel oil and gasoline—accounted for 80 percent of the refineries’ total output in 2016, amounting to 532.11 million barrels.

Also, most of the principal products manufactured in the Kingdom-based refineries recorded growth in 2016, compared to the previous year, with the exception of liquefied petroleum gas (LPG) and bitumen.