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Approved by the Saudi Council of Ministers, the new Energy Supplies Law aims to privatize the energy sector, including electricity supply, oil refineries, petrochemicals, water desalination, mining, agriculture, construction and related sectors. The law stipulates the formation of a committee, with representatives of 15 bodies, to study executive regulations and approve privatization criteria. The law is also expected to have several advantages that contribute to improving the efficiency of energy supply and promote a low-carbon circular economy.

New Law In Saudi To Enhance Energy Efficiency, Promote Low-Carbon Circular Economy

Approved by the Saudi Council of Ministers, the new Energy Supplies Law aims to privatize the energy sector, including electricity supply, oil refineries, petrochemicals, water desalination, mining, agriculture, construction and related sectors. The law stipulates the formation of a committee, with representatives of 15 bodies, to study executive regulations and approve privatization criteria. The law is also expected to have several advantages that contribute to improving the efficiency of energy supply and promote a low-carbon circular economy.

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