Now, the World Nuclear Association notes that Saudi Arabia plans to construct 16 nuclear power reactors. This would mean it does not have to rely on its own oil for its domestic energy needs.
“Saudi Arabia consumes over one-quarter of its oil production, and while energy demand is projected to increase substantially, oil production is not, and by 2030 a large proportion will be consumed domestically, much of it for electricity generation,” the World Nuclear Association notes on its website.
In January, Bloomberg reported that Saudi plans to award contracts in December for the construction of its first nuclear power plants, citing a government official involved with the project. The report noted that Saudi Arabia had received requests from five bidders from China, France, the U.S., South Korea and Russia “to perform the engineering, procurement and construction work on two nuclear reactors.”