Local scientists and engineers working in Saudi Arabia’s laboratories and on its test rigs have been making significant research and development (R&D) gains in the energy technology sector in recent years. In 2014, Saudi Aramco set a new record for inventiveness and innovation – 99 patents were granted to the company in the US, while an...
The Kingdom leads the world in the production and consumption of desalinated water, and with an estimated SR91bn ($24.3bn) of expansion plans in the pipeline until 2020, as well as privatisation in the offing, the sector offers opportunities for a range of investors.
When OPEC’s member states announced that their crude oil production target would remain at 30m barrels per day (bpd) at a meeting in Vienna on November 28, 2014, Saudi Arabia was accused of waging a price war to preserve market share. The implication was that the country wanted to see the price of Brent crude fall so low that drillers in the...
Utility plants that produce power alongside desalinated water or steam allow Saudi Arabia to optimise the use of its hydrocarbons resources to support communities living in the country’s hot, arid conditions. Cogeneration facilities have been operating for many years, but the country is trying to press home the advantage by making use of new...
Providing power for its rising population represents a significant challenge for Saudi Arabia, with the Kingdom generating more than twice as much electricity in 2015 as it did in 2000 in order to meet growing demand. According to the Electricity and Cogeneration Regulatory Authority (ECRA), the Kingdom will have to invest some $140bn before...
The drop in global oil prices in the second half of 2014 thrust Saudi Arabia’s energy sector into the spotlight, but the consequences for the Kingdom vary significantly depending on whether they are measured in terms of production, price or perception.
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