FUELLING THE DEBT Saudi Arabia’s plan to pay for 132 planes with oil has been hit by the slump in the price of crude.
Oil barter agreements have long been the resort of cash-hungry Opec nations such as Nigeria or Gabon. But Saudi Arabia’s deal with the UK Defence Ministry to pay for military aircraft with oil opened a new era. And it raised the question of when will the desert kingdom come to the Euromarkets to borrow?
Saudi Arabia signed a $7.5
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