Saudi Arabia's income from oil will fall 50% in 20 years at current consumption
- From: Vol 10, Issue 10 (October 2009)
- Category: Analysis
- Country: Saudi Arabia
- Related Companies: Saudi Aramco
Christopher Gasson looks at the implications of declining fuel availability.
There was an electrifying moment at the Saudi Water and Power Forum this month when Ahmed Al Sa’adi, a vice president at Saudi Aramco, announced that the Kingdom’s income from oil sales would fall by 50% over the next 20 years. A growing proportion of crude production is being used locally for power, industry and transport needs, and ...
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