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Analysis-Riding the oil price rebound: Gulf states to accelerate asset sales


Analysis-Riding the oil price rebound: Gulf states to accelerate asset sales
FILE PHOTO: An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov//File Photo
August 3, 2021
By Hadeel Al Sayegh, Saeed Azhar and Davide Barbuscia
DUBAI(Reuters) – Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalising on a rebound in crude prices to attract foreign investors.
The moves, in a region traditionally possessive of its refineries, power plants and pipelines, highlight the pressure on petrostates to raise funds to diversify their sources of revenue and to bolster national finances hit by a recent slump in oil prices and the coronavirus pandemic. ....

Saudi Arabia , United Arab Emirates , Ash Sharqiyah , Abu Dhabi , Hadeel Al Sayegh , Davide Barbuscia , Saeed Azhar , Carmel Crimmins , Saudi Aramco , Abu Dhabi National Oil Co , Abraj Energy Services , Saudi Arabia October , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஹடீல் அல் சயெக் , சயீத் அஜார் , கார்மல் குற்றவாளிகள் , சவுதி அரம்கோ , சவுதி அரேபியா அக்டோபர் ,