Tag Archives: CEO

Saudi Arabia hit hard by low oil prices as Aramco posts massive loss

Saudi Arabia’s top oil company Aramco has lost 73% of profits due to low prices. Low oil prices exacerbated by the spread of the new coronavirus pandemic, have inflicted a huge financial loss on Saudi Arabia and its biggest revenue generator, the state-run oil company Aramco. In a Sunday statement, Aramco CEO Amin Nasser admitted […]