Saudi Arabia may not be able to rely on Aramco dividend after 2021, says Moody’s
The Saudi government, which owns 98% of Aramco, uses the $75bn dividend to plug its budget deficit, but oil prices are way down
08 October 2020 - 18:17
Dubai — Saudi Arabia may not be able to rely on annual dividends of almost $75bn from state oil company Saudi Aramco beyond 2021 unless crude prices increase, according to Moody’s Investors Service.
The Saudi government, which owns 98% of Aramco, has depended on the dividend to help plug its budget deficit...
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