Energy in Saudi Arabia
overview of the energy use in Saudi Arabia
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.
The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. 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. 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.
The public source identifies “Energy in Saudi Arabia” as overview of the energy use in Saudi Arabia. This brief keeps that definition visible, then builds a research path around Energy, Saudi and Arabia.
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This entry incorporates text from “Energy in Saudi Arabia” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.