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Locals will be found begging for food just like the ladies currently do on the street.
Ambitious Technician: What a pile of political nonsense you have touted in your post. You must be a real smooch that is trying to save your job.
More corrupt and way more toxic, and hopefully by then, all its scams and lies would be uncovered
The Company will end up alongside the Tidibowl man; hoping it can remain afloat.
It is highly unlikely that the Company will ever be a highly competitive organization. The nepotism and loathing of a good work ethic will always hold the Company back from reaching its potential. The expat employees within the firm have always added to the operational efficiencies of the Company while the locals take all the awards and credit. When the expats are gone, the Company will struggle.
Expats that are now being released are of top talent and job skills. The Company has been letting go expats for several years in large batches. After surviving many layoffs, the current batch of laid off expats are good employees that are the victims of a bad oil economy.
Saudi Aramco is a great company. Don’t under estimate it. Like it or not, oil will be needed for a long time yet. As lowest cost producer it will be last man standing.
Energy demand will languish for a couple mor years hurting SA revenue and profits. SA will not be able to grow with the current companies business model. The saudi economy will remain stagnant or shrink going forward as SA struggles. Patriotic saudi's will continue to believe SA will rise from the ashes like the Pheinix it is not.
Like a junkie it will deny more and more that it has a problem and the region will rely more and more on the carbon derived economy. Just like another country that lauded its 5yr plans it will announce successive plans that will also be nothing more than PR and lies.. Eventually either the resource will run out (or be replaced) and the region will implode into tribal infighting - or the populace will throw out its ideology and join the the rest of the planet in realisation that reality bites. My monies on the prior...
Dead wood. They have let go of smart and seasoned expat professionals and thus have cut off their own branches that they were standing on. Nobody will be able to do their work for them or train them. The local employees will begin to eat their own. Don't forget an expat is an individual that comes from 132 different countries. Don't make it a saudi vs. expat war. It is an Aramco problem. The rest of the world would never just hire locals. Maybe it is good for the country economy but it is very bad for business.
An alternative viewpoint is that it will become a new PDVSA.
I see Saudi Aramco becoming the world's leading integrated energy and chemicals company, focused on maximizing income, facilitating the sustainable and diversified expansion of the Kingdom's economy, and enabling a globally competitive and vibrant Saudi energy sector.