Middle East

Saudi Arabia

Saudi Arabia with crude production capacity in excess of 12mn b/d is a critical supplier to global markets and the most powerful voice within Opec. Gas development is an increasingly key priority as the government seeks to erase its shortfall.

State of Play

Saudi Arabia’s economic diversification investments are accelerating under its radical Vision 2030 program, but this is all being financed by crude oil revenues. Meanwhile unconventional gas developments and renewable energy are gaining traction as Saudi Arabia aims to end domestic oil burn.

2024 In Numbers
Crude Output 9 mn b/d
Crude Exports 5.923 mn b/d
Sales Gas Output 123.5* bcm

*2023

Power & Water

23 Oct, 2026

Featured

Saudi Arabia’s Power Sector Reforms Back On Track

After being heavily disrupted in the first months of the regional conflict, Saudi Arabia’s plans to eliminate oil burn are back on track.
Saudi Oil Burn Fell To Eight-Year Seasonal Low In August After Having Spiked In The First Months Of The Conflict (‘000 b/d)
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NEWS IN BRIEF

Aramco CEO Confirms Master Gas System Phase 4 Plans

23 Oct, 2026

Aramco JV Refinery In China Receives First Crude Feedstock

16 Oct, 2026

Saudi-Kuwait Expand Electricity Cooperation

16 Oct, 2026

Saudi Arabia Prepares To Host Wpc Energy Congress

2 Oct, 2026

Saudi Arabia Sees 2026 Budget Deficit Widening

2 Oct, 2026

Egypt-Saudi HVDC Connection Nears Completion

2 Oct, 2026

Saudi Arabia: More CCGT Gains

25 Sep, 2026

SLB Wins Major Saudi Drilling Contract

25 Sep, 2026

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SELECTED DATA

Saudi’s Monthly Oil Export Revenues ($bn) Have Outstripped Year-Ago Levels Since August

Saudi Crude Exports: Modest Increase In 2025 Despite Substantial Production Growth (mn b/d)

Saudi Arabia Budget Deficit Topped $30bn Last Year. Deficits Forecast To Stretch Out To At Least 2028

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