According to data from Saudi Arabia, as of the end of November 2012, Saudi Arabia has exported 2.68 billion barrels of oil, and its export revenue totaled 1.005 trillion riyals (approximately 268 billion US dollars). In the first 11 months of this year, Saudi Arabia consumed a total of 859 million barrels of crude oil, which accounted for 26% of its total output, which was an increase compared to 25.6% in 2011. Khalid, president of Saudi Aramco, said that if Saudi crude oil consumption continues to increase at the current rate, Aramco will not have more crude oil for export by 2030. Industry insiders called on Saudi Arabia to increase its efforts in new energy development while working hard to increase energy efficiency and reduce waste.
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