For the second month there is a crisis on the world oil market. Due to the outbreak of the coronavirus “black gold” every day is cheaper and devalued, as the world countries are not up to of oil. However, Saudi Arabia has found a way to “get rich”.
In mass media appeared information that the government of Saudi Arabia is going to sell the state-owned company Saudi Aramco. This public confirmation of Riyadh, yet was not, informs a resource “Russian Dialogue“.
Bloomberg claim that the government is already looking for major investment banks to get the deal done.
Saudi Aramco is going to sell a pipeline unit. And it, in turn, will become an independent company, able to sell assets on the international commodity exchange.
In this way, Riyadh expects to earn in conditions of sudden collapse of oil prices. The company Saudi Aramco plans to share part of the revenues from the transportation of oil from new shareholders.
On April 12 started the confrontation between Russia and Saudi Arabia, when it was not possible to conclude a new deal OPEC+.