Aramco Prepares for $100 B IPO
"The process was never fully suspended. I believe we are ready to start planning for the IPO of Aramco," said the Saudi Minister of Energy, Khalid Al-Falih.
"The process was never fully suspended. I believe we are ready to start planning for the IPO of Aramco," said the Saudi Minister of Energy, Khalid Al-Falih.
The facility will help serve a number of industries, such as oil and gas, construction, automotive, packaging, and renewable energy.
The agreements were signed with a diverse set of companies that work on ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage.
Saudi Aramco signed a memorandum of understanding (MoU) with S-Oil, one of South Korea’s top refiners by capacity, for technical advice petrochemical plant worth $6 billion.
Saudi Aramco and Air Products inaugurated the first hydrogen fueling station.
Saudi Aramco and Malaysia’s Petroliam Nasional Berhad (Petronas) have begun operations at their new naphtha cracker
SABIC and ExxonMobil will jointly construct a petrochemical facility, including a 1.8 million metric ton ethane steam cracker in Texas.
Crown Prince of Saudi Arabia Mohammed bin Salman has reiterated the commitment to the initial public offering (IPO) of Armaco between 2020 and the beginning of 2021.
Saudi Aramco will hold its first-ever earnings call in August to announce the results of the first half of 2019.
Saudi Aramco remains interested in buying a stake in Russia's Novatek Arctic LNG 2 project, according to the Saudi Energy Minister Khalid Al-Falih.