Scottish oil and gas exports worth £30bn

Oil and gas exports from Scotland were worth more than £30 billion last year, official – but “experimental” – figures. International sales by the Scottish supply chain have more than doubled […]

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By Priyanka Shrestha

Oil and gas exports from Scotland were worth more than £30 billion last year, official – but “experimental” – figures.

International sales by the Scottish supply chain have more than doubled from £3.4 billion in 2003 to £8.2 billion in 2011.

The rest of the UK was the biggest single customer, making up £12.8 billion of sales while another £17.5 billion were exported around the world.

The Scottish Government said it is the first time estimates for oil and gas exports have been produced for Scotland, describing the ‘Oil and Gas Bulletin’ statistics as “experimental”.

Crude oil and natural gas liquids made up the majority of exports at £18 billion, with refined petroleum products and natural gas worth £12 billion. Scottish exporters secured contracts with Australia, Brazil and Mexico in recent years, with North America the main market for international sales (£2.6 billion) followed by Africa (£1.2 billion).

Scottish Energy Minister Fergus Ewing said: “Increasingly, our companies are embracing the major opportunities in the oil and gas supply chain, winning lucrative contracts to export products and services from Scotland. It is the first time the scale of the international industry in the North Sea has been available in such detail.”

Scotland’s oil and gas industry supports more than 200,000 jobs.