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Saudi Arabia’s Energy Strategy in the Context of the Transformation of the Global Energy Market

In: The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution

Author

Listed:
  • Sergey N. Lavrov
  • Arina A. Surkova
  • Andrey N. Surkov

Abstract

This research analyzes the energy strategy of Saudi Arabia in the context of the fourth energy transition. The research aims to identify the factors shaping Saudi Arabia’s energy and investment policy. The authors use comparative analysis and statistical analysis of crude oil production and export data. It is found that Saudi Arabia intends to increase crude oil exports to foreign subsidiaries for further processing and sale in Asia while improving its ESG performance and attracting green investments for new energy projects within the country. In contrast to the traditional approach to domestic industry development, current trends in energy policy are heavily influenced by considerations of future investment appeal to external capital. This includes companies positioning themselves as socially responsible and environmentally friendly. Thus, instead of developing potentially polluting industries, raw materials are exported to subsidiaries and processed there. In turn, only low-emission production remains in the country, which should also attract green investments and correspond to contemporary ESG indices.

Suggested Citation

  • Sergey N. Lavrov & Arina A. Surkova & Andrey N. Surkov, 2026. "Saudi Arabia’s Energy Strategy in the Context of the Transformation of the Global Energy Market," World Scientific Book Chapters, in: Elena Popkova & Gulnora Abdurakhmanova (ed.), The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, chapter 6, pages 63-73, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819824144_0006
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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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