At a time of great change in Saudi Arabia and amidst debates about rapid economic diversification, it is perhaps easy to overlook the fact that even in the most optimistic forecasts of Saudi Vision 2030 – the national development strategy – the oil and gas sector will account for at least half of the country’s exports in the fourth decade of the 21st century. Similarly, while the revolution in...
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2017 proved a momentous year for the Kingdom of Saudi Arabia as the various strategies related to the country’s Vision 2030 and National Transformation Plan 2020 started to take shape.
Interviews & Viewpoints | Tobias Becker, Senior Vice-President and Africa Director, ABB: Interview from The Report: Algeria 2017
Articles & Analysis | Algeria announces slew of solar PV projects from The Report: Algeria 2017
Faced with dwindling oil and gas revenues, rising domestic consumption and growing environmental awareness, solar energy has come to occupy a more prominent role in the development of the country’s energy mix in recent years. Testament to this are government plans to develop a 4-GW solar project.
Articles & Analysis | Major investments in Algeria focus on energy sector turnover and enhancing the value chain from The Report: Algeria 2017
Like most of the world’s producing countries, the glut in global oil supply and the subsequent collapse in prices has had a deep impact on Algeria’s economy, which has seen hydrocarbons revenues – for which state finances remain heavily dependent – sharply decline and foreign interest dampen. This, combined with maturing production at the...
Articles & Analysis | Algeria to reduce energy consumption and boost efficiency from The Report: Algeria 2017
In line with rising demand for electricity, Algeria has invested significantly in its power sector over the past 10 years, with projects primarily carried out by state-owned power company Sonelgaz and its subsidiaries. Major upgrades embracing enhanced technologies have also been brought on-stream; however, there remains a pressing need to...