Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Despite debt, Saudi spends for the future. In many nations, governments that take on major new spending while debt is at near-record highs are considered imprudent. Yet, this appears to be exactly what Saudi Arabia intends to do.
Consider some facts: The Kingdom is reeling under a nearly $35-billion foreign debt, most of that owed by Aramco and other government institutions. According to a report by Abu Dhabi-based Arab Monetary Fund (AMF), this debt should rise to $35.1 billion by the end of 2002. Furthermore, official figures show that Saudi is the most indebted Arab country in terms of local borrowing. The Gulf News reported that domestic debt is estimated at 630 billion riyals ($168 billion), or nearly equal to the country’s GDP.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Houston, TX - November 4-5
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.