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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (46500)	4/2/2019 1:47:00 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Saudi Aramco produces oil at $2.80 per barrel. Data from a new prospectus for Saudi Aramco’s upcoming dollar-denominated bond reveals that the Saudi oil company can produce oil at a cost as low as $2.80 per barrel. Aramco’s profits of $111 billion last year makes it the world’s most profitable company, even as its obligations to prop up the state are enormous. The iconic and legendary oil field, Ghawar, produces less oil than expected. Details of the field have been a tightly-guarded state secret, but the Aramco bond prospectus published on Monday revealed some clues. Ghawar is able to produce 3.8 mb/d, well below the 5 mb/d that had been widely thought.