Category: NEOM

In 2019, Saudi Arabia’s proven oil reserves were estimated at 263.1 billion barrels[1]. At the rate of production at the time, this was equivalent to around 70 years of production, which takes us to 2089. The oil-producing countries are all aiming to diversify, because the oil bonanza won’t last more than thirty years or so: […]

The Middle Eastern mega-city project called NEOM[1] that we have told you about in a previous issue is a real reason to hope. As mentioned last time, the Saudis would not proceed with this project if they truly had in mind an open conflict with Iran. This project is first and foremost a symbol of […]