Saudi Arabia intends to transfer electricity to renewable energy sources and gas by 2030, freeing oil for export
09:49 03.02.2021 8644
Saudi Arabia plans to transfer 50% of its energy to gas by 2030, the rest to renewable energy sources (RES), said the country's energy minister, Prince Abdulaziz bin Salman during the Future Investment Initiatives forum in Riyadh, Interfax reported.
"We will be the second Germany in terms of renewable sources," he said.
The kingdom has previously announced ambitious plans for solar power generation.
As a result, the prince noted, the use of oil will decline, and the kingdom will have more opportunities to export it.
Saudi Arabia is also implementing and plans to continue implementing energy conservation programs.
Currently, Saudi Arabia ranks third in oil production in the world, producing after cuts under the OPEC + deal 9 million b / d, exporting about 6 million b / d, against 11 million b / d in October 2018, when exports exceeded 7 million b / d.
Checkers competitions
Twelfth game
A new gas flow was obtained at the Galkynysh field
The oil and gas industry, being one of the leading sectors of the national economy, plays an important role in strengthening the country's economic independence. The key aspect of the fundamental reforms in the fuel and energy complex implemented during the Renaissance of the new era of a powerful state is the effective use of the potential of the oil and gas industry, diversification of the sales market and radical modernization of infrastructure.
INTERNATIONAL FORUM TEIF 2025: HOW TURKMENISTAN OPENED NEW HORIZONS FOR GLOBAL INVESTMENTS
On April 23–24, 2025, the Turkmenistan International Investment Forum (TEIF 2025) was held in the heart of Kuala Lumpur, in the newest KLCC complex. More than 470 delegates from 42 countries gathered under one roof to witness a new stage in the investment policy of Turkmenistan – a state with a stable, prosperous and dynamic economy.
Gurbanguly Berdimuhamedov discussed priority areas of cooperation with the Federal President of Germany
On April 30, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a telephone conversation with the Federal President of Germany Frank-Walter Steinmeier, TDH reports.
Foreign Ministers of Turkmenistan, India and Pakistan discussed the progress of the TAPI project
The implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was discussed on Monday in a telephone conversation between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and his counterparts from India Subramanyam Jaishankar and Pakistan Shah Mahmud Qureishi, the website of the Foreign Ministry of Turkmenistan reports.