[ZeroGravitas]

Half that energy will be lost in conversion to electricity, more if used to move a vehicle.

And recent PPAs for solar in that region are closer to 2 cents, which puts then roughly on par and the prices are still moving, in opposite directions. And if you have the sunshine but not the oil then it becomes a no brainer, why rely on another country with a history of manipulating prices to maximise their profit when you can generate your own electricity.