Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Correspondent Sameer Hashmi that even with falling profits, the biggest winner is the saudi government, which is aramcos biggest shareholder. The saudi government owns around 90 of the c
Performance dividend. Live now to our middle east Business Correspondent sameer hashmi. Samir, Rhe Saudi State remains overwhelmingly aramco s biggest shareholder, so they remain the big winner in the aramco story. Well, thats right. They own around 90 of the company and the payout, the bulk of it, will go to the saudi government. If you look at aramco, every quarter they have been paying about 19. 8 billion of dividend. This time they have added another amount to that amount, because they said the cash flows are healthy and thatis said the cash flows are healthy and that is why they have decided to increase that overall dividend, which will be beneficial for the saudi government because it relies heavily on the Aramco Generating revenues for it, and that will help them in their Oil Diversification programme. They are these mega infrastructure projects, new tourist destinations. All this is being done keeping in that oil demand will decrease in years to come and they will have to come
so everything is about two months until we get the working licence. when the working liscence is finished, then we send it to the embassy. the embassy, maybe one month, maybe three months. it all depends about periods in the year, you know? and if the croatian coast continues to pull in the punters like this, they need all the workers they can get. guy delaunay, bbc news rijeka. in other news. the german firm siemens energy says it expects to lose nearly $5 billion this year because of problems at its wind turbine division. that s despite what the company said was a sharp growth in orders which comes as europe continues to try to make more of its energy from renewable sources. the chief executive said that wrinkles had been found in some rotor blades, which are made of more than 150 layers of glass fibres. the head of public affairs at europe s biggest bank hsbc has apologised after accusing the british government of being weak for complying with us demands to cut back business deali
give us jobs and salary, in croatia, we can have we can do the same work and are much better salary. despite the arrivals from asia, businesses of all kinds are still chronically short staffed. croatia s unemployment rate is currently lower than it s ever been, and employment agencies want the authorities to make it easier to import workers. they re understaffed, so everything is about two months until we get the working licence, until the when working liscence is finished, hen we send it to the embassy. the embassy maybe one month, maybe three months. it all depends about periods in the year, you know. and if the croatian coast continues to pull in the punters like this, the need for the workers they can get. guy delaunay, bbc news rijeka.