Saudi Arabia

Since the beginning of the COVID19 pandemic in early 2020, Saudi Arabia has committed at least USD 240.00 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

  • At least USD 240.00 million for unconditional fossil fuels through 2 policies (1 quantified and 1 unquantified)
  • No public money commitments identified for conditional fossil fuels
  • Some public money committed for unconditional clean energy (1 policy with the value of public money unquantified)
  • No public money commitments identified for conditional clean energy
  • No public money commitments identified for other energy
Updated: 25 November 2020


At least

$240.00 million

Supporting fossil fuel energy

$7.00

Per capita



At least

$0

Supporting clean energy

$0.00

Per capita

By energy type, Saudi Arabia committed at least USD 240.00 million to oil and gas (at least USD 240.00 million to unconditional oil and gas).

In addition, no public money commitments identified for coal.

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, no public money commitments identified for multiple fossil fuels.

A considerably larger amount of public money committed to supporting the economy and people of Saudi Arabia through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 25 November 2020

Country Jurisdiction Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Policy type Stage Legislation and Endorsing Agency Arm of Government Primary and secondary stated objective of the policy Date of entry into force Implemented repeal date, if any Value as stated (specify currency) Value committed, national currency Value disbursed, national currency Value disbursed, USD: Policy background Links to official sources Links to additional sources
Saudi Arabia National Clean unconditional Producing 50% of electricity from renewables by 2030 Power generation Multiple renewable New or extended regulation (IT... 2020062929/06/2020 Other Electricity generation Ministry of Energy Government diversifying the electricity mix and promoting economic diversification Saudi Arabia's Energy Minister announced the kingdom would seek to produce 50% of its electricity from renewables by 2030. This is an ambitious goal given the current share of renewables in the electricity mix and the fact that only about 2 percent of households use renewables to meet their energy needs. Renewables such a wind and solar are also seen as a key way to increase economic diversification while ensuring the kingdom can meet its climate change commitments.
https://www.arabnews.com/node/1697306 Accessed 9 November 2020
Saudi Arabia National Fossil unconditional Subsidized fuel prices halved against the backdrop of international oil price plunge Multiple sectors Oil and oil products Budget or off-budget transfer ... 2020051111/05/2020 Other Energy use (all energy types, consumption in transport, household use, buildings etc) Saudi Aramco Government to adjust domestic fuel prices according to changes in export prices of crude oil 11/05/2020 Saudi Arabia has a long-standing policy of subsidizing consumers of petroleum products by regulating their prices at a below-market price level. In early 2020, oil price plummeted on the global market, which warranted a pass-through of price reductions on domestic consumers in Saudi Arabia. The May cut in domestic prices amounted to around 50%, bringing them at the below-market level again. Fuel price adjustment remains subject to change, according to changes in export prices of crude oil.
https://www.spa.gov.sa/viewfullstory.php?lang=en&newsid=2084858 Accessed 9 June 2020
https://www.saudiaramco.com/ar/news-media/news/2020/may-gas-prices Accessed 9 June 2020
Saudi Arabia National Fossil unconditional Additional electricity subsidies as a relief measure for commercial, industrial and agricultural sec... Multiple sectors Oil and gas New or extended regulation (IT... 240000000 2020041515/04/2020 Fiscal Energy use (all energy types, consumption in transport, household use, buildings etc) Order of the King/Ministry of Energy Government "To confront the financial and economic impacts on the private sector and economic activities most affected by the implications of the novel Coronavirus (COVID-19) pandemic" 15/04/2020 900000000 Saudi Arabia had regulated - that is subsidized - electricity prices before the COVID19 crisis. The Energy Ministry affirmed the King's order of a further 30 per cent discount for April and May 2020 in the value of electricity bills for commercial, industrial and agricultural sectors, with possible extension as part of the new package. The commercial and industrial sectors are optionally allowed to pay 50% of the value of the monthly electricity bill for the months of April, May, and June, as the remaining dues are to be collected in divided payments for six months starting from January 2021 with the possibility of postponing the period of payment if it is necessary. More than 1.6 million accounts will benefit from this discount.
https://www.spa.gov.sa/viewfullstory.php?lang=en&newsid=2075121 Accessed 1 April 2020

https://gulfnews.com/world/gulf/saudi/covid-19-saudi-arabia-unveils-50-billion-riyals-stimulus-package-for-private-sector-1.1587041977988 Accessed 1 April 2020