Saudi Aramco’s Post-IPO Tax Linked to Oil Price |
Posted: February 2, 2018 |
Saudi Aramco’s CEO Amin Nasser has revealed that following the company’s initial public offering later this year, the amount of tax it pays on oil revenue will be linked to the price of oil, according to comments first reported by Bloomberg. The state-owned oil giant currently pays a 20% royalty on oil revenues.
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