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FINANCIAL NEWS
Saudi oil sector records 1.8 percent growth in Q1
09 Jul 2015
(MENAFN) Saudi Arabia’s oil sector registered a growth of 1.8 percent in the first quarter of the year, putting an end to its declining results in the previous quarters, according to a report by Jadwa Investment, The Saudi Gazette reported.
The report is dubbed “Quarterly GDP Update” and it points at the significant impact which the 0.7 percent increase in oil production had played in reversing the sector’s results.
“Despite this increase, the share of the oil sector in overall real GDP fell slightly to 41.7 percent compared with 42 percent a year earlier,” the report added.
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