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

Sergey N. Lavrov, Arina A. Surkova and Andrey N. Surkov

Chapter 6 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 63-73 from World Scientific Publishing Co. Pte. Ltd.

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.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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