Saudi Arabia is set to direct to its oil industry a smaller portion of its $1-trillion strategic investments than previously estimated, Goldman Sachs said in a report this week. The capex plan through 2030 of the world’s top crude oil exporter will see a “capex super-cycle” with $1 trillion worth of investments across six strategic sectors by 2030.
“But the oil industry is likely to receive a smaller portion of this than previously forecast,” analysts at Goldman Sachs wrote. Saudi…Saudi Arabia to Prioritize Non-Oil Sectors in $1 Trillion Investment Plan
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