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FINANCIAL NEWS
Elect production to cost Saudi 3.2mn barrels of oil
13 Sep 2016
(MENAFN) The growth of electricity consumption by 2020 will cost Saudi Arabia almost 3.2mn barrels of oil per day.
A study framed recommendations in a way that considers the prospective future and taking advantage of resources for the development of alternative energy.
In addition, Vision 2030 is aimed to add 9.5 Gigawatts of renewable energy to local production by 2023 and nationalizing a large proportion of renewable energy.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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