In Saudi Arabia and the Oil Giant Aramco, the Debt Mountain Is Growing

Saudi Arabia wants to free itself from the oil dependency, but the raw material is still crucial for the country's economy. Due to the low oil price, the debt is currently growing rapidlySaudi Aramco remains a gigantic company even in uncertain times: in the first quarter of the year, the Saudi oil company had to cut its dividend by a third. Nevertheless, for the period from January to March, 21.36 billion US dollars were distributed to investor…