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.

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