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Ministry of Energy (Saudi Arabia)

The Ministry of Energy 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.

History
The ministry was established in December 1960. Prior to the formation of the ministry policies regarding oil production and planning were overseen by the directorate general of petroleum and mineral affairs which was attached to the ministry of finance. In August 2019, the Ministry was separated into the Ministry of Energy and the Ministry of Industry and Mineral Resources. • Hisham Nazer (24 December 1986 – 2 August 1995) • Ali Naimi (2 August 1995 – 7 May 2016) • Khalid A. Al-Falih (7 May 2016 – 8 September 2019) ==Organization and activities==
Organization and activities
The ministry is primarily responsible for the policies concerning oil and gas in the country which is the world's largest holder of crude oil reserves. One of the agencies with which the ministry works is Petromin, the general petroleum and mineral organization. ==See also==
Source: Wikipedia ↗
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