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Report reveals Saudi Arabia’s plan to hook poor countries on oil

The report suggests that the kingdom is creating demand via its Oil Demand Sustainability Programme, specifically in Africa.

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Saudi Arabia’s plan to hook poor countries on oil

RIYADH: An investigative report has revealed Saudi Arabia’s grand plan to hook poor countries on oil.

A report by The Guardian wrote that Saudi Arabia is driving huge investments to create demand for its oil commodity in developing countries.

The report suggests that the kingdom is creating demand via its Oil Demand Sustainability Programme, specifically in Africa.

Muhamma bin salman
The programme is overseen personally by the Saudi Crown Prince Muhammad Bin Salman.

Major Saudi entities are involved

An investigative report has unveiled detailed plans within the Oil Demand Sustainability Program (ODSP) to promote fossil fuel-powered vehicles in Africa and beyond.

The $700 billion Public Investment Fund and major entities like Aramco and Sabic are central to ODSP’s initiatives.

Programme overseen by Saudi Crown Prince

The report revealed that the programme is overseen personally by the Saudi Crown Prince Muhammad Bin Salman.

Despite public claims of “removing barriers” and “increasing sustainability,” the revealed projects focus on expanding oil and gas usage.

While the rest of the world is shifting itself off fossil fuels, Saudi Arabia is trying to win over customers for its polluting commodity.

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