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Transcripts For BBCNEWS World 20240704

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
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Transcripts for BBCNEWS World Business Report 20240604 10:32:00

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 up with new revenue streams. it will have to come up with new revenue streams. will have to come up with new revenue streams. it is these oil rofits revenue streams. it is these oil profits being revenue streams. it is these oil profits being reinvested - revenue streams. it is these oil profits being reinvested into . revenue streams. it is these oil. profits being reinvested into green energy projects. they are however limiting supply. there are one of the countries limiting supply when it comes to oil and they have been doing this since late last year. what is the rationale for that? i think the saudis and the leaders of opec plus, there are the largest exporters of oil in the world, their capacity is about 11 million barrel ....

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