In what year did Saudi Arabia finally secure a fifty-fifty deal with Aramco?

In what year did Saudi Arabia finally secure a fifty-fifty deal with Aramco?

• A. 1955
• B. 1940
• C. 1950
• D. 1960

Answer: (C)

The milestone here is the date when Saudi Arabia won an equal share of the oil profits from Aramco. In 1950, a profit‑sharing agreement was established that split Aramco’s oil profits 50/50, giving Saudi Arabia half of the proceeds from its oil production. This was a major shift that increased Saudi control over its oil revenues. The other years listed don’t reflect this pivotal 50/50 arrangement, so 1950 is the correct year.

The milestone here is the date when Saudi Arabia won an equal share of the oil profits from Aramco. In 1950, a profit‑sharing agreement was established that split Aramco’s oil profits 50/50, giving Saudi Arabia half of the proceeds from its oil production. This was a major shift that increased Saudi control over its oil revenues. The other years listed don’t reflect this pivotal 50/50 arrangement, so 1950 is the correct year.