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Saudi Aramco will see a profit by 73 percent as a result of low oil prices

Oil company Saudi Aramco in the second quarter, significantly less profit, played in a 5.6 billion euros compared to 20 billion in the second quarter of 2019. T

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Saudi Aramco will see a profit by 73 percent as a result of low oil prices

Oil company Saudi Aramco in the second quarter, significantly less profit, played in a 5.6 billion euros compared to 20 billion in the second quarter of 2019. This is a decrease from the 73 percent of the time. The company has a lot of problems with the low oil prices, reported the following day.

the coronacrisis, the demand for oil is very low, and dropped the price to an all-time low. In addition, it carried out Saudi Aramco, the oil will reach to the beginning of the year is just huge, so that on the 2nd of april, even at the highest levels ever was. So there was a lot of demand, as there is little demand.

According to the CEO, Amin Nasser is a rise in the demand since the lockdowns in various countries have to be careful no longer exist. "In China, the demand will be almost at its old levels," he said.

in Spite of the huge drop in profits the oil company plans to pay a dividend of approximately eur 16 billion, to be paid out in the second quarter of the year. It is intended, in particular, to the Saudi arabian government.

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