Middle East / Africa

Saudi Arabia flag
Summary | Profile

Country profile: Saudi Arabia

Location: Middle East, bordering the Persian Gulf and the Red Sea, north of Yemen
Climate: harsh, dry desert with great temperature extremes
Terrain: mostly uninhabited, sandy desert
Size: 2149690 sq. km total (Land area: 2149690 sq. km  Water area: sq.km)
Population: 28,146,656
Languages: Arabic
Government: monarchy
Capital city: Riyadh
Legal system: Arabic
Currency: Saudi riyal (SAR)

Country profile

Energy production and consumption

Oil Gas
Production: 11 million NaN 
Consumption: NaN  NaN 
Exports: NaN  NaN 
Imports: NaN  NaN 
Reserves: NaN  NaN 
Major fields:

Saudi Arabia - recent news

21 Nov 23
Saudi Arabia: CGG sells its stake in ARGAS to TAQA
CGG has entered into a definitive agreement with Industrialization and Energy Services Company ('TAQA') to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS).
21 Nov 23
Saudi Arabia: Saudi Aramco discovers two natural gas fields in the Empty Quarter
Minister of Energy HRH Prince Abdulaziz bin Salman bin Abdulaziz announced that the Saudi Arabian Oil Company (Saudi Aramco) has discovered two natural gas fields in the Empty Quarter: Al-Hiran and Al-Mahakik natural gas fields.
15 Nov 23
Saudi Arabia: Aramco produces first unconventional tight gas at South Ghawar
Aramco has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule. This development supports Aramco’s strategy to increase gas production by more than half, over 2021 levels, through 2030, subject to domestic demand.
07 Nov 23
Aramco announces third quarter 2023 results
Aramco has announced third quarter 2023 results. The Company reports Net income: $32.6 billion (Q3 2022: $42.4 billion) and Cash flow from operating activities: $31.4 billion (Q3 2022: $54.0 billion). Strategic expansion continues with agreement on first international LNG investment, and plan to enter South American market through a downstream retail acquisition.
04 Sep 23
Saudi Arabia/Italy: ACWA Power signs strategic cooperation agreements with six Italian partners in green hydrogen, water desalination and R&D
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed strategic agreements with six Italian partners at the Saudi-Italian Investment Forum in Milan to bolster cooperation in the fields of green hydrogen, water desalination, and research and development.

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