Friday 3 November 2017

Oil major Total sees challenges to Saudi reform drive

Oil major Total sees challenges to Saudi reform drive:

"Saudi Arabia’s push for reforms could face a backlash from within and there is no guarantee the drive by Crown Prince Mohammed bin Salman will succeed, one of the biggest oil investors in the Middle East, France’s Total, said on Thursday.

“You don’t change into a secular regime just like that,” Total Chief Executive Patrick Pouyanne told an event in London.

While most of Saudi Arabia’s young population, roughly 70 percent of the total, support the reforms, the older generation might be reluctant to accept such changes, he said. "



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