Saudi Electricity says oil use for power 274,000bpd

Chief executive said that half of Kingdom's electricity production comes from natural gas.
Saudi Electricity says oil use for power 274,000bpd
LESS OIL: Saudi Electricity said that it uses far less oil for power output than the figures stated by the countrys regulatory authority. (Getty Images)
By Souhail Karam
Thu 03 Jun 2010 12:18 AM

State controlled Saudi Electricity said on Wednesday that it uses far less oil for power output than figures given by a member of the country's regulatory authority a day earlier.

In a statement issued on Wednesday, power utility Saudi Electricity said 100 million barrels of crude were used in 2009 for electricity production, or about 274,000 barrels per day.

In the statement, Ali bin Saleh al Barrak, chief executive, said:"Half the electricity production in the kingdom uses available natural gas as a feedstock while power plants in the western coast use heavy fuel oil."

He did not explain the discrepancy the figures given by Abdullah al Shehry, governor of the Electricity and Cogeneration Regulatory Authority on Tuesday.

Shehry said in remarks carried by the official news agency SPA that about a tenth of the kingdom's current oil production capacity, or 877,000 barrels per day, goes to the production of electricity.

He also said that this figure would nearly triple by 2032 to cater for power production expansion plans.

Nearly half of Saudi gas is produced as a by product of crude, so volumes fluctuate with oil output. (Reuters)

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