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Gulf states will take at least 10 years to end oil dependence: Moody's

Reliance on the energy sector will be the 'key credit constraint' for the six countries forming the Gulf Cooperation Council (GCC), the ratings agency said in a report on Monday

Topics
Gulf countries | Moodys | Gulf Cooperation Council

Reuters  |  Dubai 



Crude Oil

Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have made limited progress since the 2014-2015 oil price shock, Moody's said.

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First Published: Mon, June 21 2021. 20:41 IST

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