Reuters exclusively reported that Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles.
CommoditiesEnergy
Gulf oil giants Saudi Aramco, Adnoc set sights on lithium
08 March 2024, 2:55 pm 1 minute
Market Impact
Oil companies including Exxon are racing to produce lithium – regarded as a critical mineral by many major economies because of its use in battery manufacture – taking advantage of emerging technologies to filter it from brine, as the world seeks to move away from fossil fuels.
Article Tags
Topics of Interest: CommoditiesEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Middle East
Countries: Saudi Arabia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
