Electricity announces the settlement of disputes with Aramco lasted 18 years



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Al-Mawtaz – Riyadh

The Saudi Electricity Company, through its financial statements for the first quarter of this year, confirmed that it had successfully settled its dispute with Saudi Aramco on handling charges Crude Oil,

The financial statement report indicated that the total different amount from the inception of the company between April 5, 2000 and December 31, 2017 was approximately $ 1.5 billion SAR.

The difference between the two companies was also Aramco's objection to the tariff costs which are approved by the Cabinet of Ministers for government agencies and pay for a total amount (19659003) The report stated that the Council of Ministers had to decide to put an end to the dispute and that Aramco was to be held accountable on the basis of residential and commercial tariffs rather than the industrial tariff.The Regulatory Authority for Electricity and Electricity dual production identified residential and commercial facilities owned by Aramco. (19659006) Share on Facebook “/>



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