FUTURE OF ENERGY

Future of Energy in KSA

By

[Authors Name]

ACKNOWLEDGEMENT

For this piece of work, I acknowledge and want to thank my teaching staff, family and friends for the support and assistance they provided me throughout the completion phase. Their belief and guidance made me able to complete this study by countering various hurdles.

Signature: ______________________

Date: _______________________

DECLARATION

I declare that all the information and data, presented in this research, is my personal research effort and no external assistance has been taken for it. I further declare that this work is not submitted to any academic institution and at any educational or professional level. All the information in this research presents my personal views and observations and they are not associated with the academic institution.

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TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

CHAPTER 1: INTRODUCTION1

Background1

Research Questions3

Aims and Objectives3

Time Scale3

Gantt chart for Time Distribution4

Structure of the Remaining Chapters4

CHAPTER 2: LITERATURE REVIEW6

Definition of Petroleum6

Oil Reserves in KSA7

Role of Saudi Aramco in Energy Sector9

CHAPTER 3: METHODOLOGY16

Research Design16

Research Method16

Research Approach17

Data Analysis Method17

Secondary Data18

Qualitative Research21

Assumptions of Qualitative Research23

Research Philosophy23

Ethical Considerations24

CHAPTER 4: DISCUSSION AND ANALYSIS27

Estimating the downfall of KSA's Oil Exports27

Increasing Rate of Domestic Consumption30

Alternative Energy Resources as Solutions32

CHAPTER 5: CONCLUSION41

Summary of Findings41

REFERENCES44

CHAPTER 1: INTRODUCTION

This chapter presents aims at presenting a brief overview about the topic of the research and also highlights the basic purpose and aim of the current research. The chapter starts with the background of the topic of study that familiarizes the reader about the basis upon which the research is based. The chapter moves further by describing the rationale and significance of the study in which the principal investigator illustrates that why the research developed interest to the principal investigator and why there was a need for such study. Finally, the chapter concludes by providing the structure of the remaining dissertation, with a brief outline of the dissertation flow and the headings included in those chapters.

Background

The KSA has been able to dominate world's oil market effectively for many years. This was made possible because KSA has produced and exported a bulk quantity of crude oil, which is a worthy globally traded product. The dominance of KSA remained intact because it maintained a surplus capacity of crude oil in its bank that proved as a strategic cushion in situations when things resulted to be tough. Lately, the demand for the export was shortened due to the financial crises in the region and the development of oil reservoirs and supply prospects in the United States and Canada as technology intervened into the sector. The KSA considers energy as the source of life. The region relies on supply of crude oil and natural gas liquids (NGLs) in international market to cover up 80 percent of its international revenue. The region has invested heavily in the past and presently in energy generation to make the most of the riches and view it as economic and strategic. Thus, the efforts of the government surely provides the evidence that the future of KSA relies heavily on energy and it will make all possible efforts to make ...