Khalid A. Al-Falih

Saudi Cuts Taxes On Oil Firms Ahead of Aramco Sale

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Saudi Arabia on Monday cut taxes on oil companies in a major move that could attract investments in its energy giant Aramco, expected to be offered to investors in 2018. King Salman decreed a new set of income tax rates on oil companies working in the kingdom, to range from 50 percent to 85 percent … Read more

Saudi Aramco Resumes Egypt Oil Deliveries

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Egypt has received its first two oil shipments from Saudi giant Aramco after deliveries were suspended for several months over political differences, an oil ministry spokesman said on Sunday. “On Friday and Saturday, we received the first two deliveries after a resumption of the contract with Aramco,” oil ministry spokesman Hamdi Abdel Aziz told AFP. … Read more