A1SaudiArabia.com

JEDDAH – Saudi Arabias oil production is still down this year compared to 2008 levels, Saudi Aramcos chief executive was reported as saying on Tuesday.

Crude oil production fell in 2009 and production is still declining this year when compared to the 2008 production level, Khalid Al-Falih was quoted as saying in the Asharq Al-Awsat newspaper. “(Oil) drilling activities for production are on the decline unlike exploration,” Falih said.

Overall drilling for oil this year is expected to remain the same as last year but Aramco would increase gas drilling activities, industry sources said this week.

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