Home
Wall Street US: lower oil prices impact on the "Aramco"
"
that Saudi Arabia began to feel the impact of its decision not to cut its oil production, which has led to a decline in world oil prices.
The report also pointed out that the Saudi Oil Company "Aramco" traced the linear oil-producing states and energy companies to reduce costs.
And alerted the international business newspaper that the American writer, "Benoit Faucon," he said in a recent report that "the biggest oil producer, in reference to Saudi Arabia, is negotiating to reduce mobile phone bills and electricity bills."
CEO of Saudi Aramco, Khalid al-Falih said they are like any other state trying to take advantage of the downturn as an opportunity to hone their fiscal discipline, pointing out that they have reduced some of the work that they have the capacity to be reduced, but they are committed to Bastratejathm the long term.
The newspaper quoted US early oil industry source as saying that Saudi Arabia may cut spending on production and exploration, by up to 25%.
The newspaper described the move as "withdrawal" Aramco, which strengthened the disbursement of the oil pump, and the establishment of the first initiative of the production in the depths of the sea when the price of oil was $ 100 a barrel, but the executives stressed that the changes will not threaten the production of large fields levels in Saudi Arabia.
The newspaper quoted a former governor of the US central bank and the former president of the Council of the US Federal Reserve, "Alan Greenspan," saying: earlier in the newspaper "Financial Times" that "OPEC abandoned its influence on the price of oil for the benefit of the American oil companies
[You must be registered and logged in to see this link.]
