South Korea’s Ssangyong To Sellstake In Oil Refinery To Aramco
The company’s money from operations in a normal atmosphere is a lot more than $100 billion annualized. The company’s low-cost asset base needs minimal capital spending, enabling strong lengthy-term mid-single-digit returns. The enterprise continues to have danger due to its attachment to the kingdom nevertheless, the company’s overall money flow is sturdy. Of course, Saudi Aramco’s kingdom connections also dramatically increase the threat of owning the asset base independently. The kingdom’s ability to enhance tax prices from 85% to 50%…