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Saudi Arabia no longer an oil producing country, But a Energy Producing Country: Energy Minister Prince Abdulaziz bin Salman

 Saudi Arabia no longer an oil producing country, But a Energy Producing Country: Energy Minister Prince Abdulaziz bin Salman

saudi arabia

 When Saudi arabia's energy minister Prince Abdulaziz bin Salman said that saudi Arabia does not have a lot of the country's total oil production, the meaning was not literal.

"Saudi arabia has more oil than a country; it is an energy-producing countries," S&P Global, the energy secretary, Robert platts, said this week.

Saudi arabia has a high, green claims that are coming from the gas, to renewable energy and production of hydrogen gas.

"I am calling on the world to accept it as a reality. We've won all of these activities."

Saudi arabia is, without a doubt, the winner of the green transition. While Exxon's, Chevron, and Shell, are all busy trying to meet the demands of the climate activists in the boardroom and in the courtroom, the NOC's-and in particular, in a variety of OPEC countries, many people are trying to take advantage of what is sure to be a rise in oil prices.
Saudi arabia has already raised its official selling prices in July in Asia.

But that doesn't stop saudi Arabia from the green, after the Saudi's "green" initiatives and the funding of the green, the ambition of the sale of the oil. Saudi arabia's production, with plans for 50% or more of their energy, renewable energy by 2030 is to reduce its dependence on oil. In 2017, renewable energy accounted for only 0.02% of the total energy as a share of the kingdom of saudi Arabia.

However, this does not mean that the Construction of the production plan is not a barrel of oil. It does not mean that saudi Arabia is planning to stop the financing of all new oil and gas projects, which are proposed by the most recent international energy AGENCY report said, is to reach net-zero by 2050. Saudi arabia has long since confirmed that the oil will remain the dominant source of energy for decades to come.
The Saudi energy minister, said, of a net value of zero means the international energy AGENCY stated in its latest report that the work of La-La Land. The fact is that a number of the oil, and the oil-consuming countries, which had rejected the report.

Saudi arabia's oil revenues will be used to fund the ever-green ambitions, the country has seen a decrease over the past one-and-a-half years, and the state-owned oil giant has been forced to keep selling bonds, just to be able to pay their dividends to the government.

However, the world's biggest crude oil exports, saying it will no longer produce oil, into the countries that are really worthy of attention.



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