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.

2022 In Numbers

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

Power & Water

6 Dec, 2024

Featured

Saudi Arabia’s SPPC Signs PPAs For Almost 11GW Of New Capacity

Saudi Arabia has awarded contracts for a new wave of gas-fired CCGTs and solar plants as it seeks to eliminate oil burn by 2030 amid rapid power demand growth.