Saudi oil giant to reduce spending after 2020 profit fall

Saudi oil giant to reduce spending after 2020 profit fall
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24.03.2021

MOSCOW (MRC) -- Saudi Arabian state oil giant Aramco is betting on an Asian-led rebound in energy demandВ in 2021В after it reported a steepВ fall in last year'sВ net profitВ and scaled back its spending plans, reported Hydrocarbonprocessing.The COVID-19 pandemic took a heavy toll on the company and its global peers in 2020, but oil prices have rallied this year as economies recover from

Full article at mrcplast.com

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