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
Oil & Gas export revenue 223 $bn

*2023

Corporate

27 Jun, 2025

Featured

Acwa Power Raising Capital For 2030 Growth Strategy

Saudi Arabia’s flagship power firm Acwa Power is raising capital through a $1.9bn rights issue as its 2030 strategy hits the two-year milestone.
Acwa Power’s Revenues, Profits On A Steady Upwards March
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NEWS IN BRIEF

Saudi Arabia Confirms PNZ Discovery

30 May, 2025

Aramco, Nabors Consider IPO Of Sanad Drilling JV

2 May, 2025

Crude OSPs ($/B): Aramco Cuts April Prices

7 Mar, 2025

Sipchem, Lyondellbasell Advance ‘World-Scale’ Saudi Cracker

28 Feb, 2025

Arabian Drilling & Shelf Team Up

21 Feb, 2025

Neom Plans $5bn Net-Zero Data Center

14 Feb, 2025

Saudi Economy Returns To Growth

31 Jan, 2025

Baker Hughes: Saudi Jafurah Unconventional Gas Award

31 Jan, 2025

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SELECTED DATA

Saudi Fuel Oil* Imports Surged In Q3 (‘000 b/d)

Saudi Arabia’s Monthly Oil Export Revenues Are Down Year-On-Year ($bn)

Saudi Arabia Forecasts Budget Deficits Out To End-2027

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