Saudi could be oil importer by 2030 - Citigroup

Posted by: Sunshine Wednesday, 24 April 2013 6:47 PM[UAE] - UAE

iknow this report is a long time ago. but does anyone have a copy of the Citigroup report? would really appreciate if someone can give/provide me a link/copy of it. Thanks in advance.

Posted by: arif hussain Monday, 8 October 2012 6:13 PM[UAE] - Saudi Arabia

Kingdom of Saudi Arabia should be rational while pumping oil..they should bear in mind that nothing is sustainable and therefore should use alternative energy..as i think solar power will be beneficial for them as most of the months in a year is bright sunny here. To reserve their oil they must go for a change in their transport system too as it consumes too much oil. if they make metros and educate their natives to use public transport rather than private cars will not only ensure smooth traffic flow but will help in reducing the consumption of oil.

Posted by: Steve Thompson Thursday, 6 September 2012 10:49 AM[UAE] - United States

While non-conventional sources of oil will fill the gap over the short haul, production from these reservoirs decline very steeply and require massive investments to maintain production levels. To compensate for production declines over the next 25 years, 47 million BOPD of production will have to be added, nearly twice the volume of oil currently produced by all Middle East nations as shown here:??

http://viableopposition.blogspot.ca/2011/12/future-of-oil-2010-to-2035.html

Posted by: Shafiqur Rahman Thursday, 6 September 2012 10:48 AM[UAE] - Bangladesh + Riyadh, Saudi Arabia

Saudi Arabia have to memorize this news and run through with kin step.
1. No need to with drawl more oil except their needs.
2. No need to export more oil just to reduce life and living expenses.
3. Saudi Arabia is very partile country for Solar Electricity, so they have to make Solar Power Plant instead of use Oil. It is very important and very easy for them.
4. They have to practice Solar car, bus, solar system house hold electronic items every where, Security system, etc. it will reduce defend on oil.
5. From now government have to order their nation to use electric appliance when they need other wise close, cold season no need to us heater in general. etc. Saudi Arabia cold is normal comparing to other country those who are facing more cold without heater.
6. Government have to order all companies to start to use Solar Electricity, which will install by every company them self.

Regards,
Shafiqur Rahman

Posted by: Omar Wednesday, 5 September 2012 8:03 PM[UAE] - United Arab Emirates

What a pitiful situation. The GCC states in general and Saudi Arabia in particular are some of the world's highest per capita consumers of energy.

I would agree that reduction of subsidies and investment in solar power is the best way forward, however I personally feel that the Saudi leadership would not have the political will to reduce subsidies to citizens and also have an ego to join the "nuclear club", especially since Iran is following a nuclear programme.