{"id":390002,"date":"2020-12-17T12:13:00","date_gmt":"2020-12-17T06:43:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390002"},"modified":"2020-12-17T12:23:44","modified_gmt":"2020-12-17T06:53:44","slug":"saudi-arabia-stops-disclosing-oil-revenue-after-aramco-listing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-stops-disclosing-oil-revenue-after-aramco-listing\/","title":{"rendered":"Saudi Arabia stops disclosing oil revenue after Aramco listing"},"content":{"rendered":"<p>Saudi Arabia has stopped disclosing projected revenue from oil, saying it can\u2019t give clues about the dividend policy of Aramco now that the state energy giant is listed.<\/p>\n<p>The kingdom is relying on payouts from Aramco, the world\u2019s biggest oil company, to help plug its budget deficit and bolster an economy that\u2019s been hammered this year by coronavirus lockdowns and the crash in crude prices. The Dhahran-based firm sold shares for the first time in December 2019, though the government still owns around 98% of them.<\/p>\n<p>\u201cThe reason we don\u2019t disclose the oil and non-oil breakdown is because of the presence of Aramco as a listed company,\u201d Finance Minister Mohammed Al-Jadaan said in a press conference following the kingdom\u2019s budget announcement for next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia has stopped disclosing projected revenue from oil, saying it can\u2019t give clues about the dividend policy of Aramco now that the state energy giant is listed. The kingdom is relying on payouts from Aramco, the world\u2019s biggest oil company, to help plug its budget deficit and bolster an economy that\u2019s been hammered this year by coronavirus lockdowns and the crash in crude prices. The Dhahran-based firm sold shares for the first time in December 2019, though the government still owns around 98% of them. \u201cThe reason we don\u2019t disclose the oil and non-oil breakdown is because of the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-390002","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390002","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390002"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390002\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}