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Aramco has lost unlimited access to Saudi Arabia's oil reserves — and it hints that its record-breaking IPO is not ... - Business Insider
Business Insider | Aramco has lost unlimited access to Saudi Arabia's oil reserves — and it hints that its record-breaking IPO is not ... Business Insider Saudi Arabia's state-owned oil company, Aramco, has had its access to the kingdom's oil and gas reserves limited to a 40 year contract. Limiting the once evergreen contract was designed to prepare the company for opening to foreign investors and ... Aramco To Lose 'Forever-Right' To Saudi Oil Resources Saudi Arabia Grants Aramco 40-Year Oil Concession Saudi Aramco loses its 'in perpetuity' oil and gas rights |
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