Spending Plans
Saudi Arabia, OPEC’s biggest oil exporter and the largest Arab economy, has spending plans valued at more than $500 billion. It needs prices to average $99.2 a barrel this year to balance its budget, according to Deutsche Bank AG. The six-nation Gulf Cooperation Council, which includes Saudi Arabia and the United Arab Emirates, is home to about a third of the world’s proven oil reserves.
Spending Plans Saudi Arabia, OPEC’s biggest oil exporter and the...
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