Lithium opportunity can open new chapter in Saudi energy diversification plan: NESR CEO

Arab News · 16‏/10‏/2026، 10:39:03 ص

RIYADH: Saudi Arabia can open a new chapter in its energy diversification strategy by turning lithium extracted from oilfield water into battery-grade materials, according to a leading industry CEO. Sherif Foda, chairman and CEO of oilfield services provider National Energy Services Reunited told Arab News such a move would boost domestic manufacturing and appeal to global markets. Lithium, a key component in batteries used in electric vehicles, consumer electronics and renewable energy storage