Saudi Arabia's state-owned oil giant Aramco reported record production level
last year as global demand surged and international sanctions sharply trimmed
output from Iran. Saudi Aramco said oil production rose to 3.479 billion
barrels in 2012, compared with 3.310 billion barrels in 2011, the highest
production in Saudi history. Exports reached 2.521bn barrels last year, up from
2.421bn barrels in 2011. (Gulf Daily News, 29 May)
