Abdulaziz bin Salman Al Saud, the current Minister of Energy since 2019 | |
Ministerial Department overview | |
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Formed | 1 December 1960 |
Preceding agencies |
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Jurisdiction | Government of Saudi Arabia |
Headquarters | Riyadh, Saudi Arabia |
Minister responsible |
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Website | Official English website |
The Ministry of Energy (Arabic: وزارة الطاقة) is a government ministry in Saudi Arabia and part of the cabinet. It is responsible for developing and implementing policies concerning petroleum and related products. The Ministry of Energy is working to diversify the national energy mix used in electricity production, increasing the share of natural gas and renewable energy sources to approximately 50% by 2030 while reducing the use of liquid fuel.[1]
In August 2019, King Salman issued a royal decree and divided the Ministry of Petroleum and Mineral Resources into two: Ministry of Industry and Mineral Resources, and Ministry of Energy. While Khalid al-Falih still remained the energy minister, business executive Bandar Al-Khorayef was named as the minister of natural resources.[2][3] However, on 8 September 2019, a royal decree was issued to appoint Abdulaziz bin Salman Al Saud as the energy minister.[4]