Middle East Eye: Saudi sale of Aramco a major economic challenge
By SIMON CONSTABLE
For more than half a century, Saudi Arabia and crude oil have gone together like baseball and hotdogs. But that may be about to change.
One young prince wants to ditch the country’s dependency on oil exports, with the process starting in earnest next year when there are plans to sell the state-owned oil company, Aramco. It’s a high stakes move with the future prosperity of the kingdom depending on the success of the effort.
Few observers expect the process to be smooth. Worse still, the world will be watching closely to see if the kingdom is serious. Read more here.