Saudi Arabia oil exports has climbed 109 percent
The value of Saudi Arabia April's oil exports has climbed 109 percent to 51.7 billion riyals ($13.79 billion), compared to a year earlier, as the non-oil exports rose by 46.3 percent, the data from the General Authority for Statistics showed.
Previously in March, oil exports made up 72.5 percent of the total exports. These numbers comes after the country has suffered massively due to the pandemic and the oil price war.
China has been one of the top importers from Saudi Arabia; however, Reuters reported that their imports fell 21 percent in May, this year, from a year earlier.
Saudi Aramco's CEO Amin Nasser has said previously that they will ensure China’s energy security remains its highest priority for the next 50 years and beyond.
“Ensuring the continuing security of China’s energy needs remains our highest priority – not just for the next five years but for the next 50 and beyond,” Nasser said in a video speech.
On Thursday, Reuters reported that Aramco has secured a one-year extension to a $10 billion loan it raised last year.
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