Article length: 1071 words

Saudi Arabia: Aramco starts spending splurge, with half an eye to the post-oil age

Saudi Arabian Oil Company (Saudi Aramco) is preparing a vast spend, running to more $400bn in the decade to 2027, against the backdrop of heightened speculation about its future role, as the kingdom makes preparations for its expected world record stock market listing, as well as a post-hydrocarbon world.Company officials have taken to publicly musing about the threat of a world without dependency on fossil fuels and ‘disrupted’ by new technologies.

Go to full article

Credit value: 14

African Energy Gulf States Newsletter