VOL. XXXVII

NO. 23

7-MARCH-1994

Saudi Arabia

Saudi Arabia Could Weather Five Years Of Weak Oil Prices Without BorrowingAbroad, Says CGES

Even in the perspective that the current low level of oil prices will belong-lasting, Saudi Arabia could succeed in weathering the next five years ofexpected weak prices without having to borrow abroad, provided that it manages(a) to restrict its annual invisibles deficits to $17bn, and (b) not to allowits oil market share to be eroded beyond what might be...