Saudi Arabia is working to replace the use of petroleum liquids for power generation with solar energy and gas-fired capacity, Argaam reported on Monday, citing Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, as saying. As part of the program ‘Hydrocarbon Demand Sustainability’, the world’s largest oil exporter will aim to replace petroleum—which it still burns for electricity—with solar power energy, Prince Abdulaziz bin Salman said at a meeting to describe the strategy of the Saudi energy ministry. “The program will rank among the most important initiatives, given its value added to the national economy and its ability to stop the country’s financial waste,” Argaam noted. Replacing petroleum with solar energy for electricity generation would free up more oil for OPEC’s top producer and de facto leader, Saudi Arabia, to export. This could potentially give the Kingdom even more sway on the global oil market and help it obtain […]