Oil and Gas

Sun, 22 Feb 2026 00:00:00 +0000

The Saudi oil gas sector Vision 2030 guide covers the hydrocarbon system that still funds much of the Kingdom’s transformation: Saudi Aramco, upstream production, refining, Jafurah gas, OPEC+ policy, CCUS, and petroleum investment opportunities. Oil and gas remain the backbone of the national economy and the primary engine funding Vision 2030 diversification, even as Saudi Arabia works to maximise long-term hydrocarbon value while reducing fiscal dependence on oil revenues.

Sector Overview

The Foundation of the Saudi Economy

Oil and gas remain the single most important sector in the Saudi economy, contributing approximately 49 percent of GDP and providing the fiscal foundation upon which the entire Vision 2030 transformation programme is built. While economic diversification is the stated strategic objective, the hydrocarbon sector is not being neglected – it is being optimised, expanded in selective areas, and repositioned to fund the transition while maintaining the Kingdom’s dominant role in global energy markets.

Ghawar on SAUDI VISION 2030 Intelligence Platform

Oil and Gas

Sector Overview

The Foundation of the Saudi Economy