Saudi to triple amount of crude used for power

03 June 2010

Abdullah Al Shehry, governor of the Saudi Arabia's Electricity and Co-Generation Regulatory Authority, has said the kingdom dedicates 320 million barrels of crude to generate power every year and plans to nearly triple that amount by 2032, Reuters has reported. The amount represents nearly a tenth of the kingdom's current oil production capacity, which stands at 877,000 barrels per day. The authority plans to raise power capacity to 121,000 megawatts by 2032, which would require some 900 million barrels of crude oil per year, he said.

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