Aramco Sells Crude To Power Stations At $4.50/B
Saudi Prince ‘Abd al-‘Aziz ibn Salman ibn ‘Abd al-‘Aziz, Assistant Minister of Petroleum Affairs, said Saudi Aramco sells crude to power stations for direct burning at $4.50/B [about $0.80/mn BTU], and fuel oil at $3.50/B [about $0.64s/mn BTU], state-owned news agency SPA reported. It sells gas to power producers at $0.75/mn BTU.
Saudi Arabia’s domestic energy...