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Ali Al-Naimi
Saudi Arabia To Increase Refining Capacity, Become Second Largest Refined Oil Exporter
Saudi Arabia is looking to become the world’s second-largest exporter of refined oil in 2017, Saudi Oil Minister Ali al-Naimi said Wednesday, the Wall Street Journal (WSJ) reports. Al-Naimi said that the Saudi Kingdom seeks to increase refining capacity in an effort to diversify its economy and boost its share in the global crude and … Continue reading
How Long Can Gulf Nations Endure Low Oil Prices?
By Jennifer Hunt University of Sydney In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in the country with a Saudi passport). It adds billions of dollars’ worth of spending to a budget already hit hard … Continue reading
