by Patrick Osgood on Aug 4, 2011
Saudi-based investment advisors Jadwa have issued a stark warning about the long-term fiscal future for Saudi Arabia as the world's swing oil producer, saying that the Kingdom's fiscal break-even price on a barrel of oil will reach a hugely uneconomic $320 by 2030.
The detailed report, called "Saudi Arabia’s coming oil and fiscal challenge", explains that while for the next decade, Saudi's position is secure, the country's fiscal position is set to deteriorate unsustainably unless massive changes in energy consumption and generation are achieved.
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