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The Optimal Time to Privatize Oil Public Sector in Saudi Arabia

Musa Foudeh
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Musa Foudeh: College of Economics and Administrative Sciences, Al-Imam Muhammad Ibn Saud University, P.O. Box 5701, Al-Riyadh 11432, Saudi Arabia.

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 3, 312-320

Abstract: Based on Jiahua Che dynamic model of privatization (2007) and the experience of privatizing the Mexican petroleum company (Pemex) in 2013, this paper tries to answer this question: Is it time to privatize Aramco? The paper concludes that Aramco will not be privatized, at least during the year 2018, due to the Saudi budget dependence on oil, low level of private property rights, lack of transparency and absence of financial disclosure.

Keywords: Saudi Arabia economy; Privatization; Government ownership; Private ownership. (search for similar items in EconPapers)
JEL-codes: O53 L33 L20 (search for similar items in EconPapers)
Date: 2018
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