Carbon capture and storage (CCS) is one of a limited number of ways to reach…July 29, 2019
This project examines the opportunities for the Kingdom of Saudi Arabia to reduce the net carbon content of its oil production, allowing the Kingdom to embark on a strategy that will help secure future demand for Saudi oil. In an increasingly carbon-constrained world, oil consumers are more and more likely to look at the carbon content of imported oil. Within this context, Saudi Arabian oil could become highly carbon-competitive while retaining its low-cost production profile. This project will assess technology and policy options and analyze related legal, regulatory and commercial issues.