Currently Saudi Arabia produces nearly all of its energy from fossil fuels, with two-thirds coming from oil and the rest from natural gas.

The kingdom is exploring its renewable-energy options, of which solar energy is expected to play a large part. It has also signed a memorandum of understanding with Argentina to develop nuclear power.

"Currently Saudi Arabia produces nearly all of its energy from fossil fuels, with two-thirds coming from oil and the rest from natural gas. The kingdom is exploring its renewable-energy options, of which solar energy is expected to play a large part. It has also signed a memorandum of understanding with Argentina to develop nuclear power. Prince Turki said that the nation's vast oil reserves, one-fifth of all global reserves according to the IEA, will be used to create other goods such as plastics and polymers, rather than burned in power plants."

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