Wow, I had no idea that it was that huge, and I was actually working on that project a few weeks ago. Very interesting. Look at it this way - that swallows almost 10% of the total global demand for a day. Or if you assume global excess supply over demand is about 3m bpd, which of course is debatable and probably more with the current economic conditions, that eats up the excess supply for three days.

Not insignificant.