Saudi Arabia’s Vision 2030, Oil Policy and the Evolution of the Energy Sector

Structural reforms outlined in Vision 2030 are much needed to shift the economy to a more sustainable path and even if only a small part of Vision 2030 is being implemented, the Saudi economy will look very different in 2030 than it does now. The key question is whether these changes will have a substantial impact on oil policy and the evolution of the energy sector. In this comment, we argue that while the recent announcements and organisational changes are substantial, and the overall objectives of Vision 2030 are very ambitious, the impact on oil policy and the energy sector is likely to be more subtle than current expectations. ….

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