{"id":389929,"date":"2020-12-17T09:25:35","date_gmt":"2020-12-17T03:55:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=389929"},"modified":"2020-12-17T11:55:31","modified_gmt":"2020-12-17T06:25:31","slug":"aramco-may-have-to-sell-assets-borrow-more-to-maintain-saudi-dividend","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-may-have-to-sell-assets-borrow-more-to-maintain-saudi-dividend\/","title":{"rendered":"Aramco may have to sell assets, borrow more to maintain Saudi dividend"},"content":{"rendered":"<p>Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said. <\/p>\n<p>While Saudi Arabia has increased non-oil revenues this year, Aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year forecast at 298 billion riyals ($79.4 billion), or 12% of GDP.<\/p>\n<p>Aramco, the world&#8217;s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group. <\/p>\n<p>Though its profits plummeted this year as oil prices tumbled during the COVID-19 pandemic, the company is sticking to a promised $75 billion annual dividend that will go almost entirely to the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market specialists said. While Saudi Arabia has increased non-oil revenues this year, Aramco still accounted for more than half its total income, and will be key to containing a budget shortfall this year forecast at 298 billion riyals ($79.4 billion), or 12% of GDP. Aramco, the world&#8217;s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-389929","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=389929"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389929\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=389929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=389929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=389929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}