Saudi Arabia 2023
Saudi Arabia 2023
Saudi Arabia 2023
Saudi Arabia
www.eia.gov
U.S. Department of Energy
Washington, DC 20585
The U.S. Energy Information Administration (EIA), the statistical and analytical agency within the
U.S. Department of Energy (DOE), prepared this report. By law, our data, analyses, and forecasts are
independent of approval by any other officer or employee of the U.S. Government. The views in this
report do not represent those of DOE or any other federal agencies.
Overview
Table 1. Saudi Arabia's energy overview, 2021
Crude oil
and other
petroleum Other
liquids Natural gas Coal Nuclear Hydro renewables Total
Pri ma ry energy cons umption (qua ds ) 4.9 4.3 0.0 0.0 0.0 9.2
Pri ma ry energy cons umption (percentage) 53% 47% 0% 0% 0% 100%
Pri ma ry energy production (qua ds ) 22.3 4.3 0.0 0.0 0.0 26.6
Pri ma ry energy production (percentage) 84% 16% 0% 0% 0% 100%
El ectri ci ty genera tion (TWh) 147.4 218.6 0.0 0.0 0.0 0.7 366.7
El ectri ci ty genera tion (percentage) 40% 60% 0% 0% 0% 0% 100%
Da ta s ource: U.S. Energy Informa tion Admi ni s tra tion, Interna tiona l Energy Statis tics da taba s e a nd Energy Ins titute, Statistical
Review of World Energy
Note: We a ggrega te hydroel ectri ci ty a nd renewa bl es a s other renewa bl es for pri ma ry energy production a nd cons umption. We
a ggrega te crude oi l a nd other petrol eum l i qui ds , na tura l ga s , a nd coa l fuel s ources a s fos s i l fuel -deri ved fuel s ources for
el ectri ci ty genera tion. Qua ds =qua dri l l i on Bri tis h therma l uni ts , TWh=tera wa tthours .
• Saudi Arabia was the world’s third-highest crude oil and condensate producer, the world’s top crude
oil exporter, and OPEC’s top crude oil producer in 2022.1
• Saudi Arabia is a key member of OPEC+, and in October 2022, Saudi Arabia and other OPEC+
members agreed to crude oil production cuts intended to rebalance the global oil market, hedge
against downside risks of decreased oil demand, and raise falling crude oil prices.2 In May 2023,
Saudi Arabia and several OPEC+ members further reduced crude oil production and extended cuts
through 2024. Saudi Arabia voluntarily decreased oil production by an additional 1 million barrels
per day (b/d) from July 2023 through December 2023, with possible extensions that depend on the
status of the oil market.3
• Saudi Arabia’s Vision 2030 supports extensive renewable energy and nonassociated natural gas
development throughout the country and seeks to decrease oil- and associated natural gas-fired
electricity generation in favor of renewable-sourced generation.4 Saudi Aramco expects Jafurah, the
largest unconventional natural gas field in Saudi Arabia, to begin production in 2025, and the Saudi
National Renewable Energy Program (NREP) expects renewable energy sources to account for 50%
of generated electricity in Saudi Arabia by 2030.5
Data source: U.S. Central Intelligence Agency, CIA World Factbook–Saudi Arabia
• Saudi Arabia held 15% of the world’s proved oil reserves and an estimated 21% of OPEC’s proved
reserves in 2022.12 Saudi Arabia’s reserves include Ghawar and Safaniya, the world’s largest onshore
and offshore oil fields, respectively.13
• Saudi Arabia consumed 3.6 million b/d in total liquid fuels in 2022, which was nearly 40% of Middle
East consumption (9.9 million b/d). Saudi Arabia was estimated to be the largest per capita oil
consumer in the world in 2022, not including major transshipment countries (such as the
Netherlands and Singapore).14
• Oil refining in Saudi Arabia occurs domestically and internationally through either wholly owned,
joint, or affiliated refineries held by Saudi Aramco. Saudi Aramco reported that domestic production
of refined oil products was 1.6 million b/d in 2020 (57% of Saudi Aramco’s global production). Saudi
Aramco reported domestic refining capacity at 2.9 million b/d in 2020 (45% of the global capacity
Saudi Aramco held) prior to the Jazan Refinery Complex opening in 2021. Jazan, located in
southwest Saudi Arabia, increased domestic capacity by an additional 400,000 b/d in 2021, while
throughput remained at 50% (Table 4).15
Figure 3. Map of major oil and natural gas fields in Saudi Arabia
Da ta s ources : Sa udi Ara mco, Es ri , HERE Technol ogi es , Ga rmi n, Uni ted Na tions Food a nd
Agri cul ture Orga ni za tion, U.S. Na tiona l Ocea ni c a nd Atmos pheri c Admi ni s tra tion, U.S.
Geol ogi ca l Survey, Rys tad Energy
Si nopec,
FREP Chi na 280 207 74% 25% ExxonMobi l
Idemi ts u Kos a n Ja pa n 945 -- -- 8% Idemi ts u Kos a n
PRefChem Ma l a ys i a 300 48 16% 50% Petrona s
International total 3,519 1,431 76%
Da ta s ources : Sa udi Ara mco a nd Mi ddl e Ea s t Economi c Survey
Note: Throughput a nd util i za tion for Hyunda i Oi l ba nk a nd Idemi ts u Kos a n a re not publ i cl y a va i l a bl e a nd a re excl uded from
the total i nterna tiona l util i za tion ca l cul a tion. N/A=not a ppl i ca bl e, --=not a va i l a bl e.
Natural Gas
• Saudi Arabia meets natural gas consumption with domestic production and does not import natural
gas. Natural gas production and consumption increased 2% from 4.0 trillion cubic feet (Tcf) in 2020
to 4.1 Tcf in 2021 (Figure 4).16 Saudi Aramco expects domestic demand for natural gas to grow 3.7%
per year from 2021 to 2030 because of increased demand for natural gas-fired power generation.17
• Associated natural gas production in Saudi Arabia changes alongside increases or decreases in crude
oil production, and it was 52% of Saudi Arabia’s total natural gas production in 2022 (Figure 5).18
Saudi Arabia flared 66 billion cubic feet (Bcf) of associated natural gas in 2022 at an average
intensity of 17 cubic feet per barrel (cf/b) of oil produced. The World Bank ranks Saudi Arabia as the
13th-largest natural gas flaring country for 2022, but the average intensity at which Saudi Arabia
flared its natural gas was well below that of other top oil-producing countries.19
• Nonassociated natural gas is a rising proportion of Saudi Arabia’s total natural gas production,
increasing from 22% in 2012 to 48% in 2022 (Figure 5). Increased production of nonassociated
natural gas allows Saudi Arabia to meet domestic natural gas demand despite shifts in crude oil
production that limit associated natural gas output. For example, the proportion of nonassociated
natural gas peaked at 52% of Saudi Arabia’s total consumption in 2020 at a time when crude oil
production declined significantly during the COVID-19 pandemic (Figure 5).20
• Jafurah, the largest unconventional natural gas field in Saudi Arabia, contains 200 trillion cubic feet
(Tcf) in estimated reserves of natural gas.21 Located east of Ghawar, Jafurah is currently under
development and is scheduled to begin production of nonassociated natural gas in 2025 and provide
2.0 Bcf/d of natural gas by 2030 (Figure 3).22
• Saudi Arabia seeks to begin exporting natural gas as part of Vision 2030.23 According to a 2016
analysis of Vision 2030’s natural gas development plans, Jadwa Investments estimates that average
year-over-year increases in production will need to exceed 6.6% between 2020 and 2029 for Saudi
Arabia to viably export natural gas.24
Electricity
• Saudi Arabia generated an estimated 374 terawatthours (TWh) of electricity in 2022, up 2% from
367 TWh in 2021.25 In 2022, Saudi Arabia generated 67% of its electricity from natural gas (up from
60% in 2021), 33% from oil (down from 40%), and less than 1% from renewables (the same as in
2021) (Figure 6).26
• Increased electricity demand during the summer months in Saudi Arabia drove oil-fired power
generation (crude oil and fuel oil) up 9% year over year, increasing from 1.0 million b/d in 2021 to
1.1 million b/d in 2022 (Figure 7).27 Oil-fired power generation supplements Saudi Arabia’s natural
gas-fired power to help meet demand for electricity. Despite minimal offsets from increased
capacity to generate electricity from renewables and nonassociated natural gas, the demand for oil-
fired power generation increased following declines in crude oil production and associated natural
gas production.28
• Doosan Enerbility and Korea Electric Power Corporation (KEPCO) are constructing the Jafurah
Cogeneration Plant east of Riyadh, which is scheduled to come online in 2025.29 The plant’s
production capacity, 320 megawatts, will supply power to the Jafurah natural gas field, which will
ultimately supply natural gas for domestic electric power generation, water desalination, and steel
production throughout Saudi Arabia.30
• Water desalination accounted for 6% of electricity consumption in Saudi Arabia in 2020, and
production of desalinated water in Saudi Arabia doubled from 1.1 billion cubic meters (Bcm) in 2010
to 2.2 Bcm in 2021.31 Saudi Arabia’s Saline Water Conversion Corporation (SWCC) is upgrading
multiple desalination plants to reduce their energy consumption by 2024. New requirements for
these plants call for less than 3 kilowatthours (kWh) per cubic meter of desalinated water, instead of
the traditional 15 kWh. In total, the desalination plants receiving these upgrades account for 94% of
Saudi Arabia’s desalinated water production.32
• Renewable energy sources made up less than 1% of electricity generation in Saudi Arabia from 2018
to 2022 (Figure 6).33 The Saudi National Renewable Energy Program (NREP) intends to increase this
share to 50% by 2030 through several solar and wind projects.34 Saudi Arabia’s General Authority for
Statistics reported 13 NREP projects as underway in 2020 (Table 5), and the Saudi Power
Procurement Company (SPPC) announced a series of new agreements for wind projects and solar
projects through 2022 and 2023 (Tables 6).35 Additional updates for major projects include:
• The Dumat Al Jandal wind farm began generating power in August 2021. It has the largest
capacity of any wind farm in the Middle East, and it is the first wind farm in Saudi Arabia.36
• The Sakaka solar project started operations in June 2021; it is the first utility-scale solar
power project in Saudi Arabia.37
• The Rabigh solar project in Makkah Province began operations in April 2023.38
• Saudi Arabia’s ACWA Power and Water and Electricity Holding Company signed agreements
for Al-Shuaiba 2 in November 2022; it will have the largest capacity of any single-site solar
power plant in the world.39
Energy Trade
• Saudi Arabia exported an estimated 7.3 million b/d of crude oil in 2022, up 13% from 6.5 million b/d
in 2021 as a result of increased annual crude oil production.40 Saudi Arabia’s crude oil exports were
34% of all 2022 exports from OPEC members (Figure 8).41
• According to customs data from Global Trade Tracker, countries in Asia were Saudi Arabia’s primary
export market for crude oil and condensate. Countries in Asia received 79% of Saudi Arabia’s total
annual exports in 2022, up from 72% in 2018 and subsequent years of steady year-over-year
increases (Figure 9). China is Saudi Arabia’s top crude oil importer, accounting for 25% of 2022
exports, followed by Japan, South Korea, and India (Figure 10).42
• Saudi Arabia imported 257,000 b/d of fuel oil in the first half of 2023, up 51% year over year from
171,000 b/d in the first half of 2022, driven by increased imports from Russia (Figure 11). Imports of
fuel oil from Russia initially increased during the summer of 2022 to meet demand for power
generation in Saudi Arabia. Substantially higher imports began in February 2023 because of
discounted prices for fuel oil from Russia.43
1
U.S. Energy Information Administration, International Energy Statistics (accessed June 2023); Energy Institute,
Statistical Review of World Energy, 2023.
2
Maha El Dahan and Ahmad Ghaddar, Reuters, “Why are OPEC+ supply cuts failing to boost oil prices?,” July 4,
2023; Alex Lawler, Reuters, “OPEC oil output falls on Saudi cut and Nigerian outage, Reuters survey finds,” July 31,
2023.
3
U.S. Energy Information Administration, Today in Energy, “EIA forecasts crude oil prices will increase through
2024 as demand rises above supply,” July 19, 2023; Maha El Dahan and Ahmed Elimam, Reuters, “Saudi Arabia
extends 1 million barrel-per-day oil cut, may deepen it in future,” August 3, 2023. Maha El Dahan and Yousef Saba,
Reuters, “Saudi Arabia, Russia extend voluntary oil cuts to year-end, markets jump,” September 5, 2023.
4
Kingdom of Saudi Arabia, Vision 2030 (accessed July 2023).
5
Saudi Aramco, “Jafurah: the jewel of our unconventional gas program,” December 29, 2022; Saudi Aramco,
Annual Report 2022, March 10, 2023; Thomas Everill, The Borgen Project, “Recent Developments for Renewable
Energy in Saudi Arabia,” January 7, 2023; International Trade Administration, “Saudi Arabia Renewable Energy,”
September 13, 2021; Kingdom of Saudi Arabia, Vision 2030 (accessed July 2023).
6
U.S. Energy Information Administration, Short-Term Energy Outlook Data Browser (accessed August 2023);
7
U.S. Energy Information Administration, International Energy Statistics (accessed July 2023); Saudi Aramco,
Annual Report 2022, March 10, 2023.
8
Oil & Gas Journal, “OPEC+ surprises markets with voluntary cuts of 1.15 million b/d,” April 3, 2023.
9
Conglin Xu, Oil & Gas Journal, “Saudi Arabia to further reduce output as OPEC+ sticks to 2023 production cut
target,” June 5, 2023; U.S. Energy Information Administration, Today in Energy, “EIA forecasts crude oil prices will
increase through 2024 as demand rises above supply,” July 19, 2023. Maha El Dahan and Yousef Saba, Reuters,
“Saudi Arabia, Russia extend voluntary oil cuts to year-end, markets jump,” September 5, 2023.
10
Saudi Aramco, Base Prospectus, June 7, 2021; U.S. Energy Information Administration, Today in Energy,
“Changing quality mix is affecting crude oil price differentials and refining decisions,” September 21, 2017.
11
Saudi Aramco, Annual Report 2022, March 10, 2023; Dhahran A. Bakr, Energy Intelligence, “Aramco Sets Out
Project Plans for Next Three Years,” February 3, 2023; Christopher E. Smith, Oil & Gas Journal, “Aramco advancing
crude development projects to boost output by 1.5 million b/d,” March 13, 2023; Alex Lawler, Reuters, “Explainer:
How much extra oil can Saudi Arabia pump?” July 18, 2022.
12
Oil & Gas Journal, Worldwide Look at Reserves and Production, December 5, 2022.
13
William Pentland, Forbes, “World’s Five Largest Offshore Oil Fields,” September 7, 2013; Oil & Gas Middle East,
“Revealed: 5 largest oilfields in the Middle East,” April 3, 2023; Saudi Aramco, Products: Oil Production (accessed
August 2023).
14
U.S. Energy Information Administration, Short-Term Energy Outlook, July 2023; U.S. Energy Information
Administration, International Energy Statistics (accessed July 2023).
15
Saudi Aramco, Base Prospectus, June 7, 2021; Oil & Gas Journal, Worldwide, US Refinery Survey-Capacities as of
Jan. 1, 2023, Jan 30, 2023, page 17; Jeslyn Lerh and Trixie Sher Li Yap, Reuters, “Saudi Aramco to ramp up Jizan fuel
output, sources say,” March 27, 2023; Jamie Ingram, Middle East Economic Survey, “Aramco CEO: Jazan Refinery
Throughputs Hit 4000,000 B/D Capacity?,” March 17, 2023.
16
U.S. Energy Information Administration, International Energy Statistics (accessed July 2023).
17
Saudi Aramco, Base Prospectus, June 7, 2021.
18
Rystad Energy UCube (accessed June 2023).
19
World Bank, Global Gas Flaring Reduction Partnership (GGFR), Global Gas Flaring Tracker; Saudi Aramco, “Saudi
Aramco Joins World Bank’s Initiative: Zero Routine Flaring by 2030,” November 6, 2019.
20
Rystad Energy UCube (accessed June 2023).
21
Saudi Aramco, “Jafurah: the jewel of our unconventional gas program,” December 29, 2022.
22
Saudi Aramco, Annual Report 2022, March 10, 2023.
23
Rania El Gamal, Reuters, “Saudi Aramco aims to become gas exporter with $150 billion investment drive,”
November 26, 2018; Rania El Gamal, Reuters, “Saudi Arabia aims to export 3 bln cubic feet/day of gas before
2030,” February 26, 2019.
24
Fahad M. Alturki and Asad Kahn, Jadwa Investments, Natural Gas and the Vision 2030, October 2016.
25
U.S. Energy Information Administration, International Energy Statistics (accessed July 2023); Energy Institute,
Statistical Review of World Energy, 2023.
26
Energy Institute, Statistical Review of World Energy, 2023.
27
Joint Organisations Data Initiative, JODI Oil World Database; Middle East Economic Survey, Weekly Energy,
Economic & Geopolitical Outlook, “Middle East Oil Demand Set for Summer Surge,” June 2, 2023, Vol. 66 No. 22.
28
Middle East Economic Survey, Weekly Energy, Economic & Geopolitical Outlook, “Middle East Oil Demand Set for
Summer Surge,” June 2, 2023, Vol. 66 No. 22.
29
Doosan Enerbility, “Doosan Enerbility Signs Contract for Jafurah Cogeneration Plant Project in Saudi Arabia,”
September 23, 2022.
30
Saudi Aramco, “Jafurah: the jewel of our unconventional gas program,” December 29, 2022; Doosan Enerbility,
“Doosan Enerbility Signs Contract for Jafurah Cogeneration Plant Project in Saudi Arabia,” September 23, 2022.
31
Ayman A. Hashem and Ahmed A. Bakhsh, Energy Source, Part G: Economics, Planning, and Policy, “The cost
analysis of electric power generation in Saudi Arabia,” March 10, 2017, Vol. 12 No. 6, pages 591–596; Marc-
Antoine Eyl-Mazzega and Elise Cassignol, Policy Center for the New South, The Geopolitics of Seawater
Desalination, September 2022; Rinat Gainullin and Hala H. Koura, Arab News, “The rise and rise of water
desalination in Saudi Arabia,” September 11, 2022.
32
United Nations, Department of Economic and Social Affairs, Sustainable Development, Decarbonatization in
desalination sector in KSA (accessed July 2023); Saline Water Conversion Corporation (SWCC), Decarbonization of
the water sector, August 31, 2022; Achref Chibani, Arab Center Washington DC, “The Costs and Benefits of Water
Desalination in the Gulf,” April 12, 2023.
33
Energy Institute, Statistical Review of World Energy, 2023.
34
International Trade Administration, “Saudi Arabia Renewable Energy,” September 13, 2021; Thomas Everill, The
Borgen Project, “Recent Developments for Renewable Energy in Saudi Arabia,” January 7, 2023.
35
Kingdom of Saudi Arabia, General Authority for Statistics, Renewable Energy Statistics 2020 (accessed July 2023);
Saudi Press Agency, “Saudi Arabia Announces Floating Five Projects to Produce Electricity with Use of Renewable
Energy with Total Capacity of 3,300mw,” September 25, 2022; Saudi Press Agency, “The Saudi Power Procurement
Company (SPPC) signs Power Purchase Agreements for three new solar energy projects with a total capacity of
4,550 MW,” May 21, 2023.
36
Al Jazeera, “Saudi Arabia’s first wind farm begins electricity production,” August 8, 2021; Thomas Everill, The
Borgen Project, “Recent Developments for Renewable Energy in Saudi Arabia,” January 7, 2023.
37
Kingdom of Saudi Arabia, Ministry of Energy, Ministry’s Projects (accessed August 2023).
38
AWCA Power, Projects, Sakaka PV IPP (accessed August 2023).
39
Oil & Gas Middle East, “Saudi Arabia’s Rabigh solar project begins operations,” April 26, 2023; Saur Energy,
“LONGi gets contract to supply 400MW of solar modules for Saudi Arabia project,” June 14, 2022.
40
Energy Institute, Statistical Review of World Energy, 2023.
41
OPEC, Data Download, World crude exports by country (accessed August 2023).
42
Global Trade Tracker, Analytics, Country Level Tradeflows (accessed July 2023).
43
Kpler (accessed August 2023); Jamie Ingram, Middle East Economic Survey, “Saudi Imports Record Russian Oil
Amid Diesel Surge,” April 14, 2023; Jeslyn Lerh, Reuters, “Saudi Arabia imports record Russian fuel oil in June as
trade grows,” July 12, 2023.