Large reduction in Saudi Arabia’s direct use of crude oil in power generation

摘要

The direct use of crude oil in Saudi Arabia has fallen sharply in recent months. It dropped by more than 30% y-o-y in May and June, 12% in July and 25% in August. The commissioning of new power plants in 2017 and 2018 is a major factor. Under the June 2016 National Transformation Programme (NTP), Saudi Arabia planned to step up investment in the utility sector for the next five years, committing to ramping up natural gas production and to broaden power generation capacities.