Saudi Arabia to Lose over $27bn Due to Oil Price Crash

Saudi Arabia to Lose over $27bn Due to Oil Price Crash

TEHRAN (Press Shia) – Saudi Arabia will lose more than 100 billion riyals (over $27 billion) in 2020 due to the fall in crude oil prices this year amid the COVID-19 pandemic, Crown Prince Mohammed Bin Salman said. - World news - Government revenues are expected to be 833 billion riyals ($233 billion) this year, with 513 billion riyals ($136.8 billion) coming from oil proceeds."We have been...