And it's going to gorge itself on even more as demand for electricity soars.
Saudi Arabia Could be an Oil Importer by 2030 — Saudi Arabia is the world’s largest oil producer (11.1mbpd) and exporter (7.7mbpd)," Rehman wrote.As with most things in the Gulf states, public-sector workers and most residents don't need to pay for their electricity and (desalinated) water. These are mostly subsidised as is filling up gas-guzzling SUVs. That could be costing all governments billions of dollars. More
It also consumes 25% of its production. Energy consumption per capita exceeds that of most industrial nations.