(EnergyAsia, March 19 2010, Friday) — Saudi Arabia’s revenues plunged by more than 50% in 2009 from the previous year on lower oil prices and drastic crude oil production cuts, according to a report by the National Commercial Bank (NCB). NCB pointed out, however, that 2008 was an exceptional year because of the oil…
SAUDI ARABIA: Government revenues plunged by more than 50% in 2009
Posted on March 18, 2010 by EnergyAsia