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 | $bn |
*2023
10 Jul, 2026
Featured
Saudi’s Governance Reforms Underpin Renewables Revolution
Saudi Arabia’s renewable energy capacity has more than doubled over the past 18-months as its clean energy revolution accelerates. The growth has been enabled by a wholesale transformation of the sector’s governance and investments in grid modernization.
Saudi Arabia Renewable Energy Projects
NEWS IN BRIEF
Sabic Plans Rongsheng Petrochemicals Tie-Up
17 Jul, 2026
Saudi Arabia Advances Green Hydrogen Marketing
10 Jul, 2026
Saudi Set For Ras Tanura Crude Export Restart
26 Jun, 2026
Saudi Economy Resilient, Says IMF
5 Jun, 2026
Saudi’s Rabigh 4 Desalination Plant Brought Online
15 May, 2026
Saudi Renewables Capacity Tops 14GW
8 May, 2026
SELECTED DATA
Saudi’s Monthly Oil Export Revenues ($bn) Have Outstripped Year-Ago Levels Since August
Saudi Crude Exports: Modest Increase In 2025 Despite Substantial Production Growth (mn b/d)
Saudi Arabia Budget Deficit Topped $30bn Last Year. Deficits Forecast To Stretch Out To At Least 2028
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