Saudi Arabia Pursues Nuclear Power Despite Vast Oil Reserves and Budget Gaps

Saudi Arabia is exploring nuclear power as an alternative energy source, even though it holds some of the world's largest oil and natural resource wealth. Despite its enormous hydrocarbon reserves, the Saudi government has run budget deficits in nine out of the last ten years. This financial strain suggests that relying solely on oil revenues is proving insufficient to sustain national expenditure. Diversifying its energy mix with nuclear power could help Saudi Arabia preserve more oil for export while managing domestic energy costs.
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