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HuaweiWeak oil prices that have cut the current account deficit to about nine per cent have put the kingdom on track for about 3.8 per cent growth in gross domestic product.
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The money will be used to “meet general corporate requirements and certain projects currently being considered”.
Enoc, which already owns 54 per cent of Dragon Oil, had made an approach to buy the remainder on March 15.
Opec doesn’t see prices to consistently trade at $100 again in next decade
Indonesia was the only Asian Opec member for nearly 50 years before leaving the group in 2008 as oil prices hit a record high.
The seasonally-adjusted HSBC UAE Purchasing Managers’ Index, which covers manufacturing and services, edged up to 56.8 points last month from 56.3 in March, which was a 17-month low.
Brent crude was up 39 cents to $66.85 a barrel by 0848 GMT, after hitting a 2015 peak of $66.95.
The basket of 12 crude oils of the OPEC closed at $62.18 a barrel on Friday.
Aramco was once US-based and run by Americans but has long been a Saudi state corporation.
Speaking to reporters in Saudi Arabia, Prince Abdulaziz bin Salman bin Abdulaziz described the oil market as “excellent”, suggesting the Opec heavyweight was comfortable with current global conditions.