The water and power sector will benefit from a $37.5bn injection of funding from the Saudi government in 2014, as ministers pledge to push ahead with plans to restructure the largely state-owned Saudi Electricity Company (SEC) and boost supplies of water. Power projects are set to receive investment of $26.5bn, with $9bn targeted at water,...
How much of the Kingdom’s energy mix will consist of renewables in the medium to long term, and which will be the greatest contributors?
Already the largest oil refiner in the Middle East, Saudi Arabia is set to further boost its capacity. The Saudi Arabian Oil Company (Saudi Aramco), in cooperation with a number of international oil companies, is currently in the process of building two new major refineries, following the launch of another refinery in 2013. The projects should...
Stable global oil prices and long-term investment plans have combined to usher Saudi Arabia into an unprecedented period of progress, and nowhere is this more evident than in our energy sector. Wildly fluctuating oil prices are in no one’s best interest and I am pleased to note that the markets remained relatively calm all throughout 2013,...
Given its status as the world’s largest oil producer, it is perhaps unsurprising that Saudi Arabia is also a leading centre for energy-related research and development (R&D). The Saudi Arabian Oil Company (Saudi Aramco) has undertaken a major expansion of its research activities in recent years, with a focus on producing cleaner fuels,...
In addition to being the largest oil producer in the world, Saudi Arabia also possesses the second-largest oil reserves on the planet. The Kingdom reached its oil production capacity target several years ago and has no current plans to increase this, given its possession of substantial spare capacity. However, rising domestic oil consumption...
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