Cost of subsidies in Saudi Arabia reaches US$ 40 billion

Paddy Padmanathan, President and CEO of ACWA Power talks about the energy and water subsidies in Saudi Arabia.

The cost of subsidies was US$ 40 billion in 2013. Saudi Arabia was burning 70,000 barrels per day between 2009-2013, which is oil that could have been sold on the international market. Paddy Padmanathan, President and CEO of ACWA Power talks about the energy and water subsidies in Saudi Arabia.

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