Saudi Arabia reveals oil-related secrets to lure investors
Data released to potential investors by Saudi Aramco is raising questions about the size of Saudi oil reserves.
Financial details that Saudi Arabia has released for the first time since the 1970s showed the reserves of the world’s number one oil firm, Saudi Aramco, are much lower than expected.
Saudi Aramco is attempting to raise capital to buy a petrochemicals company after a planned stock offering was put on hold last year and reported the data in a prospectus for potential investors.
Al Jazeera’s Osama Bin Javaid reports.
Published On 3 Apr 2019