Tag Archives: oil

Saudi Arabia to Become Oil Importer by 2030

According to “BP Statistical Review of World Energy, June 2013”, in 2012- Saudi Arabia had the second largest crude oil reserve (265.9 billion barrels) and the largest producer (11.53 million barrels per day) in the world. However, in mid-2012, a Citigroup analysis had been widely reported in the international media, which forecast that by 2030, Saudi Arabia will have no oil …

Read More »