Energy in Saudi Arabia

Energy in Saudi Arabia describes energy and electricity production, consumption and export in Saudi Arabia. Saudi Arabia is one of the world's largest energy producers, pumping approximately 10.782 million barrels per day (1.7142×10^6 m3/d) of petroleum. While most of this is exported, domestic use is rapidly increasing, primarily for electricity production.

Saudi Arabia has one of the largest oil reserves in the world. (Second to Venezuela?). It is the world's top oil exporter and producer. Saudi Arabia's economy is petroleum-based; Oil actually accounts for "90% of the country's exports and nearly 75% government revenues". The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil in spite of a diversification effort, in particular in the petrochemical sector.

The highest proved oil reserves in the world are in Saudi Arabia (18% of global reserves, over 260 billion barrels (41×10^9 m3)). Proved natural gas reserves in Saudi Arabia are over 7 trillion cubic metres (250 trillion cubic feet). Global production in 2009 reached 29 billion barrels (4.6×10^9 m3) of oil and 3 trillion cubic metres (110 trillion cubic feet) of natural gas.