Oil Sustainability Programme

Oil Sustainability Program (OSP)

Overview

Launched in 2020, the Oil Sustainability Program (OSP) is a collaborative initiative involving various public and private entities, research institutions, and industry stakeholders. The program aims to enhance the environmental and economic efficiency of hydrocarbon resources through sustainable practices. By fostering integration across multiple industries, OSP seeks to strengthen both national and international collaboration.

Objectives

• Sustainable Demand: Promote the sustainability and growth of hydrocarbon demand as a competitive energy source.

• Integration Across Industries: Encourage synergies among various sectors to enhance efficiency and innovation.

• Climate Commitment: Support Saudi Arabia’s ongoing efforts to meet climate pledges and align with the United Nations Sustainable Development Goals (SDGs).

Key Areas of Focus

• Environmental Efficiency: Implement strategies that minimize environmental impact while maximizing resource utilization.

• Economic Competitiveness: Develop frameworks that position hydrocarbons as a vital component of a sustainable energy mix.

• Research and Innovation: Drive research initiatives that contribute to the advancement of sustainable technologies and practices in the oil sector.

Significance

The OSP plays a critical role in supporting the Kingdom’s transition to sustainable energy solutions, aligning with global trends and commitments toward climate action and sustainable development.