Mr. al-Sabban said that along with investing in education and economic diversification, Saudi must ensure that it becomes the top energy exporter, including in solar power, to keep moving forward.
The country recently launched its first solar-powered desalination plant, and Mr. al-Sabban said oil giant Saudi Aramco was working on a pilot project to inject carbon emissions back into wells to help boost output. The carbon sequestration project, which he said would be operational by 2012, was a sign of Saudi Arabia’s commitment to environmentally sound energy development.
The push for cleaner technology is pivotal for the oil rich kingdom.
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