The recent fall in oil prices means that the energy sector’s contribution to Saudi Arabia’s economic growth will be limited in 2015, with expansion to be driven more by the non-oil sector, which is forecast to increase by about 5% in 2015. Saudi Arabia’s crude oil production averaged 9.71m bpd in 2014, compared to 9.63m in 2013 and 9.76m in 2012. However, despite lower oil prices, the Kingdom...
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Interviews & Viewpoints | Jean-Pascal Tricoire, CEO, Schneider Electric: Interview from The Report: Saudi Arabia 2015
What steps must be taken to ensure that Saudi Arabia’s growing power and water needs are met? What role can technology play in ensuring this?
Articles & Analysis | Saudi Arabia expands its desalination capacity from The Report: Saudi Arabia 2015
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.
Articles & Analysis | Saudi Arabia considering new technology for cogeneration facilities from The Report: Saudi Arabia 2015
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...
Articles & Analysis | Saudi Arabia investing in a range of upstream and downstream areas from The Report: Saudi Arabia 2015
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...
Articles & Analysis | Increasing private participation and a more sustainable energy mix in Saudi Arabia from The Report: Saudi Arabia 2015
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...