Saudi Arabia has long been a lynchpin of global oil and gas production, but its energy profile is changing. The Kingdom is becoming a rapidly growing energy consumer and a key player in the development of sustainable energy technologies. Saudi Arabia is sometimes called the “central bank” of the global oil industry. With over 260bn barrels of conventional reserves (...
Saudi Arabia Energy
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Interviews & Viewpoints | OBG talks to Peter Voser, Global CEO, Shell from The Report: Saudi Arabia 2013
Given shifting energy demand, how do you foresee the relationship between international and national oil companies evolving in the future?
Articles & Analysis | Powering up: Looking at new ways to improve efficiency and sustainability from The Report: Saudi Arabia 2013
Investment is being poured into expansions and capacity upgrades across the sector, with around SR500bn ($133.25bn) to flow into the electricity and water segments in the coming decade. Saudi Arabia has ambitious plans to build up renewable electricity generation capacity, in particular solar power, to address rapidly rising...
The utilities sector is enjoying huge investments into expansions and capacity upgrades, with around SR500bn ($133.25bn) to flow into the electricity and water segments in the coming decade. Saudi Arabia has ambitious plans to build up renewable electricity generation capacity, in particular solar power, to address rapidly rising energy consumption. The Kingdom is investing in water desalination...
Accounting for just under 30% of real GDP and providing roughly 80-90% of state revenue in any given year, the oil and gas sector has been the dominant force behind Saudi Arabia’s economy for decades. Seeking to cement its position as a front-runner in the global market, the government has continued to invest heavily in the sector over the last decade to boost capacity and develop new resources....
With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.