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Saudi Arabia Completes Regulatory Preparations for Rollout of EV Charging Stations

Saudi Arabia expands the range of electric vehicles to support the strategy to reduce emissions and protect the environment (Asharq Al-Awsat)
Saudi Arabia expands the range of electric vehicles to support the strategy to reduce emissions and protect the environment (Asharq Al-Awsat)
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Saudi Arabia Completes Regulatory Preparations for Rollout of EV Charging Stations

Saudi Arabia expands the range of electric vehicles to support the strategy to reduce emissions and protect the environment (Asharq Al-Awsat)
Saudi Arabia expands the range of electric vehicles to support the strategy to reduce emissions and protect the environment (Asharq Al-Awsat)

Saudi Arabia’s Ministry of Energy, in cooperation with the concerned government agencies and in integration with the private sector, launched on Sunday the regulations for the rollout of electric vehicle (EV) charging stations so as to ensure quality, efficiency and protection of users and facilities across the Kingdom.

Experts confirmed to Asharq Al-Awsat that the private sector is at a new stage whereby it could enter a qualitative sector and engage in an activity that generates profits for companies and institutions.

According to experts, the private sector would do so in return for achieving the Kingdom’s national goals aimed at reducing greenhouse emissions and improving air quality.

Last May, Lucid Group announced that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility.

The company aims to produce 155,000 cars annually with investments exceeding 12.3 billion riyals ($3.2 billion) after completing its factory in Industrial Valley in King Abdullah Economic City.

The infrastructure team for EV charging stations, led by the Ministry of Energy, announced that it has completed all the legislative, organizational and technical aspects to regulate the EV charging market in the Kingdom, by outlining the necessary regulations for the installation of charging stations and their equipment.

“The completion of the regulation of the EV market in Saudi Arabia opens a wide field for the private sector to enter into a new activity that generates profits for companies and institutions operating in the Kingdom,” Adel Al-Omair, Chairman of the Renewable Energy Committee in the Riyadh Chamber of Commerce, told Asharq Al-Awsat.

Al-Omair said that the move helps the Kingdom in maximizing its role in promoting public sustainability.

“The Kingdom is leading the region and the world towards renewable energy technologies and reducing emissions,” affirmed Al-Omair.

It is noteworthy that the new regulations contribute to achieving the goals of Vision 2030, as they will help the Kingdom to have a diversified and sustainable economy through enhancing productivity and raising private-sector involvement.

The new regulations would contribute to achieving the goals of the Kingdom’s Vision 2030, as they will help the Kingdom to have a diversified and sustainable economy through enhancing productivity; raising private-sector involvement; and building new future-proof sectors, which will provide quality jobs for male and female citizens, in addition to enabling vehicle owners to charge cars easily with a guarantee of quality and efficiency.

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Aramco Chief Expects Additional Oil Demand of 1.3 Million bpd this Year

Saudi Aramco's Chief Executive Amin Nasser speaking in Davos 2025
Saudi Aramco's Chief Executive Amin Nasser speaking in Davos 2025
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Aramco Chief Expects Additional Oil Demand of 1.3 Million bpd this Year

Saudi Aramco's Chief Executive Amin Nasser speaking in Davos 2025
Saudi Aramco's Chief Executive Amin Nasser speaking in Davos 2025

Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year.
Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Nasser was responding to a question on the impact of US President Donald Trump's energy decisions, which could increase US hydrocarbon output.
Oil demand this year will approach 106 million barrels per day after averaging about 104.6 million barrels per day in 2024, he said.
“We still think the market is healthy ... last year we averaged around 104.6 million barrels (per day), this year, we're expecting an additional demand of about 1.3 million barrels ... so there is growth in the market,” he said.
Asked about US sanctions on Russian crude tankers, he said the situation was still at an early stage.
“If you look at the impacted barrels, you're talking about more than 2 million barrels,” he said. “We will wait and see how would that translate into tightness in the market, it is still in the early stage.”
Asked if China and India have sought additional oil volumes from Saudi Arabia on the back of the sanctions, Nasser said Aramco is bound by the levels the Kingdom's energy ministry allows it to pump.
“The Kingdom and the Ministry of Energy is always looking at balancing the market. They take that into account when they give us the target of how much we should put in the market,” he said.
In a Bloomberg television interview in Davos, Nasser said: “We still see good demand coming out of China.” The country, along with India, make up about 40% of the rise in global consumption and, “demand is increasing year on year.”
Nasser’s comments echo those he made back in October, saying he was bullish on China after a series of government stimulus measures aimed at reviving the economy.
Nasser also said that Aramco is working with MidOcean, an LNG firm in which it took a 51% stake, and “looking at expanding our position globally in LNG,” without giving details.