Saudi Arabia Is Determined Not To Waste This Oil Boom ...Middle East

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Saudi Arabia Is Determined Not To Waste This Oil Boom
source : OILPRICE ( Middle East ) () 30
Saudi Arabia is continuing to profit from its strong oil sector, with state-owned Aramco announcing incredible profits for the second quarter of 2022. But as well as maintaining its oil operations, the country is focusing on using oil revenues to pump funds into other industries as it strives to diversify its economy. As the world transitions to clean energy, smart diversification will ensure that Saudi Arabia can develop its economy sufficiently to remain on top.  Aramco announced a record-breaking profit of $48.8 billion for the second quarter…

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