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FINANCIAL NEWS
Saudi eyes solar energy to match oil production
04 Jun 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.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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