30 Jul 2011
(MENAFN) Saudi oil minister, Ali Al-Naimi, said that the Kingdom would on the long term generate energy from solar resources at an equivalent capacity to the Kingdom’s oil exports generating capacity, reported SPA.
Al-Naimi explained that the country has enough resources that enable it to produce enough solar power to meet more than four times global demand for electricity.
The statement comes as Gulf countries are looking for ways to use less of their exportable oil and gas as fuel for power stations.
It is worth noting that Saudi Arabia boosted its oil production in the past months in order to compensate for the shortage in oil exports from Libya, caused by the political unrest that took over the country recently.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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