Saudi Arabia revamped over 200 regulations to drive up FDI, says investment minister

Saudi Arabia revamped over 200 regulations to drive up FDI, says investment minister

Saudi Arabia to pioneer producers of green, blue hydrogen: Energy minister



We will be pioneering more of that blue hydrogen and green hydrogen: Prince Abdulaziz

He added that 50% of Saudi Arabia's power sector fuel will be converted into gas and the rest will be coming from renewables

Updated 20 min 7 sec ago

Argaam

January 27, 2021 20:18

RIYADH: Prince Abdulaziz bin Salman, Saudi Arabia's Minister of Energy, said that Saudi Arabia is working with so many countries on green hydrogen and blue hydrogen.

"Easily and simply, I could say, that we will be pioneering more of that blue hydrogen and green hydrogen,“ Prince Abdulaziz said.

He added that 50 percent of Saudi Arabia's power sector fuel will be converted into gas and the rest will be coming from renewables.

"In tandem with that, we will be saving thousands and hundreds of thousands of barrels of oil that are going to waste... We have been progressively moving with our efficiency program and the efficiency program will continue,“ the energy minister noted.

He pointed out that Saudi Arabia has also adopted a holistic approach along with its partners in OPEC and OPEC+, trying to mitigate the impact of the COVID-19 pandemic.

"I have to emphasize that it has