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Energy in Saudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue.[1] The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector.[2] Saudi Arabia has per capita GDP of $20,700.[2] The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.
For many years the Kingdom of Saudi Arabia has been the world's largest petroleum producer and exporter. In 2011 it pumped about 1.7142 million m3 (10.782 million bbl) per day of petroleum.[1] While most of this is exported, domestic use is rapidly increasing, primarily for electricity production. Saudi Arabia also has the largest, or one of the largest, proven crude oil reserves (i.e. oil that is economically recoverable[3][4]) in the world (18% of global reserves, over 41 billion m3 (260 billion bbl)).
Saudi Arabia has one of the largest reserves of natural gas in the Persian Gulf. Proven natural gas reserves are over 7 trillion m3 (44 trillion bbl). Global production in 2009 reached 4.6 billion m3 (29 billion bbl) of oil and 3 trillion cubic metres (110 trillion cubic feet) of natural gas.[5] but due to its sizeable domestic gas markets, is "unlikely to become LNG exporters anytime soon". Saudi Arabia is prioritising upstream gas investment, but for use in the domestic power generation market, not for export.[6]
The country has had plans to diversify its energy sources for some time, developing solar[7] and nuclear power.[8]
Energy in Saudi Arabia[9] | ||||||
---|---|---|---|---|---|---|
Capita | Prim. energy | Production | Export | Electricity | CO2-emission | |
Million | TWh | TWh | TWh | TWh | Mt | |
2004 | 24.0 | 1,633 | 6,469 | 4,811 | 148 | 324 |
2007 | 24.2 | 1,748 | 6,412 | 4,606 | 175 | 358 |
2008 | 24.7 | 1,879 | 6,734 | 4,796 | 187 | 389 |
2009 | 25.4 | 1,836 | 6,145 | 4,324 | 199 | 410 |
2010 | 27.45 | 1,969 | 6,258 | 4,551 | 219 | 446 |
2012 | 28.08 | 2,176 | 6,998 | 4,700 | 227 | 457 |
2012R | 28.29 | 2,329 | 7,269 | 4,949 | 248 | 459 |
2013 | 28.83 | 2,235 | 7,146 | 4,882 | 264 | 472 |
Change 2004–2010 | 15% | 21% | -3% | -5% | 48% | 37% |
Mtoe (million tonnes of oil equivalent) = 11.63 TWh (terawatt-hours). Primary energy includes energy losses. 2012R: CO2 calculation criteria changed; numbers updated. |
Factbook
was invoked but never defined (see the help page).EIA
was invoked but never defined (see the help page).Saudi Arabia's proved oil reserves amounted, at the end of 2011, to 265,4 thousand million barrels. Despite the fact that Venezuela, with proved oil reserves of 296,5 thousand million barrels, recently surpassed Riyadh,
Saudi officials have talked about solar power for years, and even made plans to install 41,000MW over the next 20 years, but whilst China installed 5,000MW in 2012 alone, Saudi Arabia still has virtually no solar generation capacity.
Saudi Arabia plans to construct 16 nuclear power reactors over the next 20 years at a cost of more than $80 billion, with the first reactor on line in 2022.
It projects 17 GWe of nuclear capacity by 2032 to provide 15% of the power then, along with over 40 GWe of solar capacity.