Saudi Arabia to scale back oil and gas sector spending, Goldman …

Aug 16, 2024 · Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade.

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Saudi Arabia To Scale Back Oil And Gas Sector Spending, Goldman …

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Aug 16, 2024 · Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade.

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Only A Quarter Of Saudi Arabia's $1 Trillion Capex Plan Will Go Into Oil

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Aug 14, 2024 · Saudi Arabia is planning for a greener future. Under a directive from Saudi Arabia’s energy ministry, capex in the oil sector is likely to shrink by $40 billion between 2024 …

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Saudi Arabia Expected To Trim Oil Sector Spending, Goldman Sachs …

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Saudi Arabia's Q2 budget deficit climbed to 15.3B riyals (~$4.1B), showing the government's continued reliance on hydrocarbon revenue, with deficits expected for another several years; …

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Goldman Sachs: Only A Quarter Of Saudi Arabia’s $1 Trillion Capex …

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Aug 20, 2024 · In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to …

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Saudi Arabia To Cut Oil Spending As Focus Shifts To Non-oil …

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Aug 16, 2024 · Saudi Arabia to cut oil spending as focus shifts to non-oil economy in $1tn splurge Kingdom is expected to channel 73% of total estimated investments into non-oil sectors by …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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Aug 16, 2024 · Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the d… Skip to …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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Aug 17, 2024 · Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest US$1 trillion in strategic sectors by the end of the decade.. The …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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(Bloomberg) — Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. Browser …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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(Aug 16): Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest US$1 trillion (RM4.43 trilli. ... Saudi Arabia to reduce big spending on oil …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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Aug 16, 2024 · (Bloomberg) — Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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Aug 16, 2024 · Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade, Report …

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MENA | $600bn Pledge: Can Saudi-US Ties Strengthen?

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4 days ago · Saudi Arabia plans to invest $600bn in the US over four years, amid 7% trade growth and rising imports. Yet, oil exports fell 12% YoY in November. Meanwhile, Bahrain's inflation …

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FAQs about Saudi Arabia to scale back oil and gas sector spending, Goldman … Coupon?

Will Saudi Arabia invest $1 trillion in oil?

In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to receive a smaller portion of this than previously forecast. Roughly 73% of the investment funds will go to non-oil sectors, Faisal Al Azmeh, who heads… ...

Will only a quarter of Saudi Arabia's capex plan go into oil?

"Goldman Sachs: Only a quarter of Saudi Arabia’s $1 trillion capex plan will go into oil" was originally created and published by , a GlobalData owned brand. In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. ...

Why is Saudi Arabia investing in a greener future?

Saudia Arabia is also funding sectors that enable an economic diversification away from oil, such as metals and minerals, transport and logistics, and digitalisation. Saudi Arabia is planning for a greener future Under a directive from Saudi Arabia’s energy ministry, capex in the oil sector is likely to shrink by $40 billion between 2024 and 2028. ...

Could Saudi Arabia embark on another oil price war?

That price level would help finance the kingdom’s mega infrastructure projects like construction for the 2034 World Cup. The country has also said it would invest $600 billion more in the United States over the next four years. But some analysts think the Saudis could “ embark on another oil price war ” if oil prices remain below their target. ...

How can Saudi Arabia bridge a $25 billion-per-year funding gap?

To bridge an estimated $25 billion-per-year funding gap for its capex projects, Saudi Arabia will have to tap alternative sources of financing, according to Goldman Sachs Research. Source: Saudi Tadawul The Saudi government has made efforts to develop and deepen its equity capital markets, in a bid to reduce the burden on its banking sector. ...

Should Saudi oil prices rise to $98 per barrel?

But the Saudis need prices to rise to $98 per barrel to balance their budget, according to the International Monetary Fund. That price level would help finance the kingdom’s mega infrastructure projects like construction for the 2034 World Cup. ...