Saudi Aramco plans to complete its initial public offering (IPO) before the end of the year by relying more on local investors after doubts over its valuation caused it to delay a transaction that had been expected this week.

The company will establish crude oil distillation apparatus with production capacity 1.2 million tons per year.

SDX Energy Incorporation announced plans to maintain 2017 production rates from North West Gemsa during 2018, standing at 4,422 barrel of oil equivalent per day (boe/d).