Even as Saudi Arabia lays the groundwork for diversification, the energy sector is expected to continue to play a leading role in the economy. It is estimated that oil and gas will account for at least half of the country’s exports to 2040. As the world’s leading oil exporter, the Kingdom plays a key role in meeting global demand and forming international energy policies, as evidenced by the...
Saudi Arabia Energy
Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.
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Saudi Aramco has listed shares on the Saudi Stock Exchange (Tadawul) in the world’s biggest-ever initial public offering (IPO). Shares began trading on December 11, and Saudi Aramco’s stock rose by 10%, the Tadawul’s daily limit.
Rising energy demand and a commitment to divert hydrocarbons to processing and export has incentivised a shift toward renewables in Saudi Arabia, with the Kingdom set to become the region’s largest market for wind energy components and services.
Interviews & Viewpoints | Abdulkarim Alnujaidi, CEO, National Gas and Industrialisation Company: Interview from The Report: Saudi Arabia 2019
To what extent can changes in tariffs on Saudi liquefied petroleum gas (LPG) strengthen confidence among investors in hydrocarbons?
Interviews & Viewpoints | Kamal Pharran, CEO, Saudi Tabreed: Interview from The Report: Saudi Arabia 2019
How can district cooling (DC) optimise the Kingdom’s energy and power generation requirements?
Articles & Analysis | Emphasis on downstream activities and diversification put the Saudi energy sector on a course for growth from The Report: Saudi Arabia 2019
Even as Saudi Arabia lays the groundwork for diversification, the energy sector is expected to continue to play a leading role in the economy, with estimates oil and gas will account for at least half of the country’s exports to 2040. As the world’s leading oil exporter, the Kingdom plays a key role in meeting global demand and forming...
Articles & Analysis | Potential merger could enable Saudi Arabia's national oil firm to become a global conglomerate from The Report: Saudi Arabia 2019
Although economic diversification and a strengthened private sector are cornerstones of Vision 2030, the blueprint for the transformation and diversification of the country’s economy, corporate consolidation and continued state ownership are features of the planned merger between Saudi Arabia’s most influential corporations. If Saudi Aramco’s...