oil dependence | Egypt Oil & Gas

Iran: Rouhani Declares Oil Dependence Reaching New Lows

Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).

Saudi S&P Credit Rating Turns Negative

The Saudi kingdom could lose its AA- credit ranking, the fourth-highest debt grade, in two years if its “liquid assets” decline or its fiscal position weaken, S&P said in a statement Monday.

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