Green Car Congress

SEPTEMBER 2, 2015

Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify). as the drop in oil prices over the last year has put a strain on the nation’s finances.". percent increase), based on Saudi Arabia’s conflict with Iran.

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Green Car Congress

NOVEMBER 6, 2015

That is a feature that is hard to overemphasize in today’s oil pricing environment. Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. The narrower focus on smaller projects, especially shale, could mean the end of the megaproject.

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Green Car Congress

AUGUST 13, 2015

for example, has ended fuel subsidies, thereby essentially, increasing its budget revenues, while Saudi Arabia recently floated a $4-billion domestic bond offering to help finance its budget. Given this environment, it is not surprising that the revenue elasticity of production is highly sensitive, and negative.

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