Reported 14 days ago
Saudi Arabia is beginning to reduce its domestic oil consumption for power generation, aiming to free up one million barrels per day for export by 2030 as part of its Vision 2030 initiative. This shift is supported by increased natural gas output, renewable energy deployment, and efficiency improvements, as the country seeks to replace oil in its energy mix. Data shows a notable decline in oil usage for power generation, with significant contributions coming from the Jafurah gas field and expanding renewable energy projects. While the transition faces challenges, the Kingdom is making substantial strides toward energy diversification.
Source: YAHOO