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Thursday, April 25, 2024 22:16 GMT
National oil companies in GCC countries could absorb the additional investments needed to transition toward net-zero while maintaining robust credit metrics, said S&P Global. In its latest report, the credit rating agency noted that NOCs in the GCC face similar energy transition risks as their global counterparts, but their strong financial positions will help mitigate these impacts. Rawan Oueidat, credit analyst at S&P Global Ratings, said: “We expect that GCC NOCs will have sufficient...More