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The Middle Eastern oil giant says it aims to diversify its energy mix and increase grid flexibility
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The country saw a ‘spectacular growth’ of 2.2m barrels per day last year
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The US, Mexico, India, Malaysia and Saudi Arabia have been identified as having significant growth opportunities in oil and gas
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The nation is now concentrating on developing a broader, more practical strategy to boost renewables
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The trend is expected to continue for the rest of the year as well as through 2019
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It is part of an international challenge with Saudi Arabia and Mexico to invest in new ways of reducing the cost of the technology so it can be commercially viable
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The countries have signed a Memorandum of Understanding (MoU) to collaborate on developing new clean energy technologies
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