Saudi Arabia

Saudi Arabia to go 100 percent low carbon

I already had mentioned very ambitious plans from Saudi Arabia to jump-start a solar revolution. So the following news aren’t totally surprising me. As The Guardian reported : ” Saudi Arabia, the world’s biggest oil producer, has plans to become 100% powered by renewable and low-carbon forms of energy, according to an influential member of …

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Could Saudi Arabia import oil by 2030 ?

Saudi Arabia is the world’s largest oil producer with ten million barrels out of the 89 million consumed each day on Planet Earth. The consequences of this country having to import oil would be disastrous for our world economies. This scenario could actually take place in less than two decades, according to Citigroup as Bloomberg …

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Saudi Arabia to invest massively in cleantech

Yes, you read that right : the oil superpower is willing to tap into its significant solar potential by installing no less than 41 gigawatts of solar capacity by 2032. The project is estimated to cost $109 billion (84 billion euros). Out of the 41 GW of capacity, 16 will be brought by solar photovoltaic …

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Saudi Arabia overstated its oil reserves by 40%

To the Guardian : ” The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in show. The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the …

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Can Iraq quadruple its oil production ?

According to an article from The Economist, Iraq has plans to quadruple its oil production by the next seven years. This would increase the production from the current 2.5 million barrels per day to 12 million barrels. This would bring Iraq as the world’s first oil producer, putting Saudi Arabia in the second place. The …

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