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 | 9 | mn b/d |
Crude Exports | 5.923 | mn b/d |
Sales Gas Output | 123.5* | bcm |
Oil & Gas export revenue | 223 | $bn |
Renewables Capacity | 6.2 | GW |
*2023
21 Mar, 2025
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Another year of record power consumption prevented any drop in oil burn for 2024. Key near-term advances in gas and renewables hold the key to addressing this.
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