Saudi Arabia Energy

Saudi Arabia Energy refers to the sector and activities related to the production, consumption, and management of energy resources in Saudi Arabia. The country is one of the world’s leading producers of oil and natural gas, significantly influencing global energy markets. Energy in Saudi Arabia encompasses the extraction of hydrocarbons, refining processes, distribution, and utilization in various industries as well as domestic consumption. The sector is central to the Saudi economy, contributing a substantial portion of government revenue and GDP. In recent years, Saudi Arabia has also been focusing on diversifying its energy portfolio by investing in renewable energy sources, such as solar and wind power, as part of its Vision 2030 initiative, which seeks to reduce dependence on oil, enhance sustainability, and promote economic diversification.