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 Crown Prince Muhammad bin Salman plans to transform the country and end its “addiction to oil.” But crude oil is set to remain its dominant revenue source and foreign policy tool for the foreseeable future. The kingdom is also eying unconventional gas to ease its gas shortages, while renewables developments are finally gaining traction.
2019 In Numbers
Crude Output
9.75
mn b/d
Crude Exports
7.037
mn b/d
Gas Output
89.9**
bcm
O&G Export Rev.
201
$bn
O&G % Export Rev.
78
%
**2018.
| Crude Output | 9.75 | mn b/d |
| Crude Exports | 7.037 | mn b/d |
| Gas Output | 89.9** | bcm |
| O&G Export Rev. | 201 | $bn |
| O&G % Export Rev. | 78 | % |
**2018.
11 Sep, 2020
Featured
Saudi Eyes Development Of Remote Northwest
Saudi flagging up modest oil and gas discoveries in the country’s remote north needs to be seen in the context of broader regional development ambitions.
Saudi Arabia Plans Energy Development Of Northwest
NEWS IN BRIEF
Sabic Issues $1bn In Bonds
11 Sep, 2020
Aramco Project Doubts Grow
4 Sep, 2020
Petrofac Eyes Admission To Saudi Onshore LTA Plans
14 Aug, 2020
Jazan Refinery Start-Up Set For 1Q21
14 Aug, 2020
Siemens Bags Key Saudi Gas Award
31 Jul, 2020
Saudi Returns To Trade Surplus
24 Jul, 2020
Apicorp Backs Siraj Solar
24 Jul, 2020
SELECTED DATA
1: Saudi Power: Capacity Could Near 100gw Without Shutdowns, Peak Load Steady Since 2015 (GW)
2: Saudi Electricity Sales Fall From 2018 Peak But Sec Revenues Keep Rising
Oil Price Collapse Takes Its Toll: Saudi Oil Export Revenues Slump 65% Year-On-Year In April Despite Record Volumes
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