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  • Saudi Arabia’s Bond With U.S. ‘Goes Beyond Energy’
     

    The U.S. and Saudi Arabia have a close relationship with a bond “that goes far beyond energy,” Saudi Oil Minister Ali al-Naimi said. The minister told graduates during his commencement speech at Lehigh University in Bethlehem, Pennsylvania, that “We seek together a world of greater understanding, mutual tolerance, and respect for human dignity and personal […]

     
  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • SEC unveils SR452b projects
     

    The Saudi Electricity Company (SEC) has allocated SR452 billion to implement energy projects until the year 2021 according to SEC Chairman of the Board of Directors Dr. Saleh Bin Hussein Al-Awaji. These projects will provide services consistent with international standards, including building up an adequate power at a peak time about 10 percent of combined capacity. The […]

     
  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • Chart of the Day: A Short History of 200 Years of Global Energy Use
     

    If you want to tell the story of worldwide energy consumption over the past 200 years, you need three chapters. Chapter 1: The Coal Age. Chapter 2: The Oil Age. Chapter 3: The China Age. In the early days of industrialization, the use of biofuels such as wood declined as the West learned to live […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Five short stories from World Energy Outlook
     

    The IEA’s World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of us have the time to do so in the detail required.  As such we rely to some extent on IEA presentations and summary documents. […]

     
  • Saudi Arabia will act to lower soaring oil prices
     

    In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]

     

MUST-READS

  • The Top 10 reasons why Saudi Arabia should be in the energy transition strategic planning mix

    Saudi Aramco Energy Ventures has given a shot in the arm to technology driven supply chain players by announcing a second US$500 billion investment fund. This implies that 40 or so new investee companies will line up with the 40+ companies who are already portfolio or alma mater members of SAEV. The portfolio is lined up into the upstream, downstream, renewables & water and fourth industrial revolution (4IR) sectors. It also needs to be remembered that SAEV is especially focussed on how these technologies can be deployed successfully in KSA

  • Saudi energy think tank develops oil shock analysis model

    A Saudi energy think tank has devised an analytical model which examines how oil price shocks affect individual countries. The King Abdullah Petroleum Studies and Research Center (KAPSARC) developed the tool which covers 36 countries and incorporates oil industry data going all the way back to 1979. It comes amid fierce volatility across energy markets this year as oil demand is buffeted by the impact of the coronavirus pandemic.

  • A clean energy venture capital rebound and a warning

    Venture capital funding for energy technology startups has recovered from its mid-2010s trough but is seeing a fresh drop-off this year, new International Energy Agency data show. Where it stands: Electric vehicles, hydrogen and storage technologies have generally been growth areas in recent years.

  • IAEA to provide support to Saudi Arabia in its nuclear energy plans

    The International Atomic Energy Agency (IAEA) director general Rafael Grossi was quoted on Monday as saying that Saudi Arabia was preparing to adopt nuclear energy and the agency was providing support, Saudi state TV Al-Ekhbariya reported.

  • KAPSARC develops 3 models for Saudi Arabia’s economy, energy system

    The King Abdullah Petroleum Studies and Research Center (KAPSARC) developed three models and tools for the economy and energy system in Saudi Arabia, in its effort to enhance the energy sector locally and globally, while also enhancing Saudi Arabia’s efforts to diversify energy sources and economic prosperity and achieving Vision 2030 goals. The center’s researchers have designed the Vision 2030 Dynamic Input-Output Tool, the KAPSARC Energy Model, and the Energy Policy Simulator Tool, in order to enhance the understanding of energy economics and environmental policies.

  • Nuclear energy: Why US wants Saudi Arabia to follow the UAE’s path

    With its Barakah nuclear power plant coming online last month, the UAE has become the first Arab country to successfully pursue civilian nuclear power – and the first in a line of fossil fuel-rich Arab states scrambling to go nuclear. The UAE and its neighbors say civilian nuclear energy is critical to lowering their dependency on gas and oil, and the UAE’s 2009 nuclear cooperation agreement with the United States has been hailed in Washington as a “gold standard” for pursuing civilian nuclear power.

  • Saudi Aramco discovers two new oil and gas fields: energy minister

    State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom’s energy minister said on Sunday, state news agency SPA reported. The energy minister Prince Abdulaziz bin Salman Al-Saud said the new Abraq al-Toloul oil field, which lies to the south east of the northern city of Arar, flows with a daily rate of 3,189 barrels per day (bpd) of Arab light crude oil, along with 3.5 million cubic feet of natural gas.

  • Saudi energy think tank urges greater private sector funding

    A Saudi energy think tank said that greater private sector involvement in funding and delivering projects would spur the non-oil economy in the Kingdom. It is one of five key recommendations in a paper published by the King Abdullah Petroleum Studies and Research Center that could maximize the impact of government spending on the economy beyond oil.

  • Twin U.S. Gulf Coast storms stir deep production cuts by energy giants

    During 2017’s Hurricane Harvey, which occurred three years ago this week, five feet (1.52 meters) of rain fell on east Texas, forcing Motiva to halt operations for nearly two weeks and others to take shorter shut-downs. That storm led Motiva, which is owned by the world’s top oil producer Saudi Aramco, to cancel plans to expand the refinery

  • With U.S. Backing, Iraq Pushes for Energy Rapprochement With Saudis

    The Trump administration is urging Iraq to proceed with a project to connect its power grid with Saudi Arabia and other Gulf states, among steps to reduce Baghdad’s longstanding dependency on Iranian energy, U.S. and Arab officials said. The grid-connection venture has been the subject of intensive consultations in recent months and was discussed during Iraqi Prime Minister Mustafa al-Kadhimi’s visit to Washington last week.