Kingdom of Saudi Arabia | EICTV

EIC Country Report

Kingdom of Saudi Arabia (KSA)

October 2024

The energy sector in the Kingdom of Saudi Arabia (KSA) is a mix of conventional resources and transformation efforts, maintaining its status as a global leader in oil and gas. The oil and gas sector remains active and is expected to be crucial to the economy. KSA is among the top oil producers and exporters globally, holding the second-largest proven crude oil reserves after Venezuela. Its substantial oil reserves position the country as a key player in the international oil market.

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