The Optimal Time to Privatize Oil Public Sector in Saudi Arabia

Authors

  • Musa Foudeh Al-Imam Muhammad Ibn Saud University

Abstract

Based on Jiahua Che dynamic model of privatization (2007) and the experience of privatizing the Mexican petroleum company (Pemex) in 2013, this paper tries to answer this question: Is it time to privatize Aramco?  The paper concludes that Aramco will not be privatized, at least during the year 2018, due to the Saudi budget dependence on oil, low level of private property rights, lack of transparency and absence of financial disclosure.Keywords: Saudi Arabia economy, Privatization, Government ownership, Private ownership.JEL Classifications: O53, L33, L20

Downloads

Download data is not yet available.

Downloads

Published

2018-05-08

How to Cite

Foudeh, M. (2018). The Optimal Time to Privatize Oil Public Sector in Saudi Arabia. International Journal of Energy Economics and Policy, 8(3), 312–320. Retrieved from https://econjournals.com.tr/index.php/ijeep/article/view/6576

Issue

Vol. 8 No. 3 (2018)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.