Saudi Aramco said Wednesday its 2008 total crude oil production reached 3.2 billion barrels, with its 2008 average daily production standing at 8.9 million barrels a day.
In its annual review, Aramco, which is fully owned by the Saudi Arabian government, also said its total domestic refining capacity, coming from its four wholly owned refineries and three joint venture refineries, is 1.49 million barrel a day.
The company's domestic refineries in Riyadh, Ras Tanura, Yanbu and Jiddah alone have a combined capacity of nearly 1 million barrels a day, the review said.
The rest of the refining capacity comes from the company's two domestic joint-venture refineries, with ExxonMobil in Yanbu and Shell in Jubail, and the company's share of the Rabigh Refinery, transferred in 2008 from Saudi Aramco to the Petro Rabigh joint venture.
Aramco, which manages the world's largest proven reserves of conventional crude oil - 259.9 billion barrels as of January 1, 2009 - also said the Far East was the main importer of its crude, buying about 52.7 percent of its exports.
The United States ranked second, importing 20 percent of Saudi Arabia's crude, the review showed.
Despite being marked by turbulence in the global economy and volatility in the energy sector, "the past year was notable for the solid progress made on our historic program to expand our maximum sustainable crude oil production capacity to 12 million barrels per day," Aramco's president and chief executive, Khalid al-Falih, said in the review.
The country's Khurais development, "the largest integrated oil project in company history - and the largest in the history of the industry - is on track for completion of the producing facility in summer 2009", the review shows.
It adds that the development will add 1.2 million barrels a day of Arabian Light crude oil production capacity.
Another major project, the development of the Manifa field, is also underway, with 60 percent of construction on its causeway and drilling islands already completed.
"When complete, the Manifa project will add 900,000 barrels a day of Arabian Heavy crude oil production capacity," the review said.
"Assessment of project timing and economics is ongoing, and a decision on project optimisation will be made in the first quarter of 2009," it added.