OilPrice.com | Aramco To Lose 'Forever-Right' To Saudi Oil Resources OilPrice.com In what could be a power struggle between Saudi Aramco and the Saudi government, the Kingdom has altered the concession contract with the oil giant to 40 years with an option for renewal from a previous deal for oil and gas rights 'in perpetuity', the ... Saudi Aramco loses its 'in perpetuity' oil and gas rights Saudi Arabia Grants Aramco 40-Year Oil Concession Crude Oil's Path Now That Aramco Will Not Go Public Anytime Soon |