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.
Crude Output | 10.57 | mn b/d |
Crude Exports | 7.364 | mn b/d |
Gas Output | 9.6 | bn cfd |
Oil Export Revenue | 327 | $bn |
Electricity Consumption | 309 | TWh |
8 Mar, 2024
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Saudi Arabia’s PIF wealth fund has doubled its Aramco stake to 16%. PIF will tap nearly $19bn in annual dividends as it steps up Vision 2030 investments.
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