Quo Vadis: politics, uncertainty and Saudi Aramco

Détails

ID Serval
serval:BIB_13B5E5E96651
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Quo Vadis: politics, uncertainty and Saudi Aramco
Périodique
The Journal of World Energy Law & Business
Auteur⸱e⸱s
Markarian Garen, Stockhausen Tobias
ISSN
1754-9957
1754-9965
Statut éditorial
Publié
Date de publication
01/12/2018
Volume
11
Numéro
6
Pages
487-505
Langue
anglais
Notes
https://doi.org/10.1093/jwelb/jwy027
Résumé
The focus of this article is the political economy surrounding the proposed sale of Saudi Aramco. The Saudi power reshuffle has resulted in unprecedented military, financial and political risk taking to carry out the Crown Prince’s 2030 vision. This has shattered a long-standing consensual alliance between various tribes and branches of the royal family, which is scrambling to fight back. Examining various valuation scenarios and their drivers, this article argues that the eventual sale would reduce the Kingdom’s resource dependence, and end the crowding out of initiatives that are characteristic of endowed richness. Putting Aramco under a global microscope automatically leads to improved legal and geopolitical conditions. Whether Aramco undergoes an initial public offering or backs a debt facility for funding, steps undertaken by the Kingdom have put one foot forward on an irreversible mechanism that will lead to a bigger voice for the burgeoning Saudi middle class that is seeing its time to rise. Delays simply exacerbate the unsustainable status quo.
Mots-clé
Law, Management, Monitoring, Policy and Law, Energy (miscellaneous)
Web of science
Création de la notice
05/05/2021 10:03
Dernière modification de la notice
06/05/2021 6:35
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