Saudi Arabia Denies FT Report: IPO on Track
Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO).
Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO).
To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia.
The construction of an new oil pipeline connecting Saudi Arabia and Bahrain will be completed in 2018.
Saudi Arabia will cut crude shipments by 560,000 barrels per day (b/d) in November.
Both Iraq and Iran increased their crude oil exports in September.
Looking to expand its operations, Saudi Aramco plans to begin trading non-Saudi crude oil.
Saudi Aramco will soon finish the shale-production facilities it is building in northern Saudi Arabia.
The initial public offering (IPO) for Saudi Aramco remains scheduled for 2018.
Saudi Arabia might eliminate its gasoline and jet fuel subsidies in November.
Saudi Arabia is preparing to launch a tender for two nuclear-powered plants next month.