29 March 2024
Aramco ‘rethinking overseas investments’ due to low oil prices, IPO dividend burden
Publication date: 03 September 2020
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Saudi Aramco is reportedly reviewing its plans for major LNG and refinery investments in the US, China, India and elsewhere as it comes to grips with the prospect of long-term lower oil prices and the promise to pay a USD 75 billion dividend to shareholders who bought company stock during Aramco’s initial public offering (IPO) in 2019.
The Saudi oil giant will cut ...