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 Sherif Foda, chairman and CEO of oilfield services provider National Energy Services Reunited.
Foda told Arab News that such a move would boost domestic manufacturing and appeal to global markets.
Lithium is a key component in batteries used in electric vehicles, consumer electronics and renewable energy storage.