Oil crown jewels no longer banned in the Middle East
It was about time the petrostats in the Middle East refrained from using their crown jewels to raise funds from foreign investors.
No more. Within weeks, Saudi Arabia, the United Arab Emirates, Qatar, Oman and Kuwait all accelerated their multibillion-dollar plans to sell energy assets or issue bonds on their backs. To cap this trend, Saudi Crown Prince Mohammed bin Salman said last week that the kingdom was in talks with an unidentified “global energy company” to sell an estimated $ 20 billion stake in the company. state oil company Aramco.