Saudi Electricity Company: Saudi Arabia May Run Out of Oil by 2030-Saudi Arabia may be running out of oil. In a recent article in El Economista magazine, Abdel Salam al-Yamani, head of the Saudi Electricity Company, voiced concern over Saudi Arabia’s current supply:
The electricity company of Saudi Arabia has set off alarms to warn that oil in this country could be depleted by 2030 if left unchecked domestic consumption. According to a report of this company, it is estimated between 2.5 and 3.4 million barrels a day.
The report, published in the magazine Al Mashka of the company itself says that the increase in domestic consumption of oil is one of the main challenges facing the country, mainly because oil accounts for 80% of national income.
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