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Project Proposal- Venezuela

Moath Albassam.

I decided to go with Venezuela because of the similar situation with my country Saudi Arabia. Both Venezuela and Saudi are rich with oil resources, Venezuela and Saudi Arabia are the first and the second oil producing countries in the world. When the oil prices were at their peak Venezuela went on a spending frenzy. And although, more than 150 billion dollars were taken on the last 4 years, Saudi Arabia still has around 300 billion dollars on the reserve.

Oil make up more than 50% of Venezuela’s Gdp. And roughly 55% of Saudi Arabia’s Gdp. Therefore, oil prices dropping can create big dent on both of these countries budgets.

Being a PNG major and sponsored student from Saudi Aramco makes ma a good candidate to tackle this subject.

Topic: Venezuela.

Sub Topic: Introduction Venezuela vs Saudi Arabia.

Sub Topic: Before and after oil prices drop.

Sub Topic: Saudi Arabia vs Venezuela addiction to Oil/conclusion.

Key words: Venezuela, Saudi Arabia, Oil prices, 2030 Vision, King Abullah bin Abdulaziz, prince Mohammad bin Salman, president Nicolas Maduro.

Benzinga: Saudi arabia details 'vision 2030' to end the country's 'addiction to oil'(2016). . Chatham: Newstex. Retrieved from http://ezaccess.libraries.psu.edu/login?url=https://search-proquest-com.ezaccess.libraries.psu.edu/docview/1784157962?accountid=13158