Exactly. They are proposing to increase gasoline production by 3 million barrels in five years but are only planning to increase crude production by 1.5 million. Crude exports from Saudi will decline by more than 1.5 million barrels if this pans out.
They need to do this as most countries don't want to build refineries for the increasingly sour crude coming from Saudi. Saudi's crude is sour and getting more sour and they need to insure that they have a place to refine it.
If the Saudi's were smart, they would work on LNG instead. There is a lot of wasted natural gas in the Saudi fields because there is no local market nor a way to transport.
They are, or at least they're thinking about it. There have been ongoing negotiations with several global oil companies regarding a joint venture, although last I heard, the Saudis were still demanding too much of a cut to make it economical for the major oil companies.