​Saudi Arabia Vows To Maintain Its Status As An Oil Giant – Tyler Durden

Saudi Arabia Vows To Maintain Its Status As An Oil Giant Authored by Tsvetana Paraskova via OilPrice.com, Saudi Arabia aims to maintain its position as a major oil producer, ensuring global energy security. The country plans to increase its oil production capacity by 1.1 million bpd by 2027. Simultaneously, Saudi Arabia is committed to its renewable energy goals, targeting 44 GW of renewable energy capacity by 2030. As Saudi Arabia prepares to tender 44 gigawatts (GW) of renewable energy projects, it will continue to maintain its oil-producing potential to ensure global energy security, officials from the Kingdom said at the annual investment…  — Continue at ZeroHedge News : Read More