Saudi Arabia’s oil minister has made the shocking statement that the world’s biggest oil exporter could stop using fossil fuels as soon as 2040 and focus on developing solar and wind energy resources. “Ali Al-Naimi’s statement is striking as Saudi Arabia’s wealth and influence is entirely founded on its huge oil wealth and the nation… Keep reading →
The latest restructuring in the Saudi hydrocarbon sector could mean new policies for the world’s largest oil exporter. On May 1, two days after making radical changes in the kingdom’s royal succession order and senior government posts, Riyadh announced that governance of the state-owned oil company Saudi Aramco has been restructured. As with the previous… Keep reading →
